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Posts tagged "divorce"

Divorce involves dividing retirement plans

When love blossoms, St. Clair Shores, Michigan, couples race towards marriage. When love withers, those couples race towards divorce. In the latter case, the couples are less concerned with each other's welfare and more concerned with taking care of their own, expressing their concern in the form of pursuing marital assets. Those assets can include retirement plans, which often need to be approached in a special way, using something called a qualified domestic relations order (QDRO).

Addressing money paves the way for romance

Some St. Clair Shores, Michigan, couples get married and then live happily ever after. Lots of couples get married and then get a divorce. This statistical fact prompts many wise men and women to secure a premarital contract before getting married as a necessary way of preventing being financially eviscerated by divorce. A premarital contract can be very helpful for the health of a marriage by ensuring that the partner who brings less material wealth into the marriage does not have an incentive to divorce the partner who brings more material wealth into the marriage.

Divorce rates are highest in January

Marriages in St. Clair Shores, Michigan, start with proposals, followed by beautiful weddings and then adventurous honeymoons. Some then have decades of domestic bliss. Others, however, end acrimoniously in divorce. Nationally, 40 to 50 percent of all marriages are ended when the husband or the wife files for divorce, and until death do they part becomes until court do they part. Recent research has shown that although December is the month with the lowest rate of divorce, January is the month with the highest rate of divorce.

Should you sell or keep the home?

Divorce is ending your marriage, but you can't stop thinking that you're really let down to lose your home. The marriage wasn't healthy anyway, and you asked for the divorce, but you bought your dream house a few years ago. You honestly think it's the best place to transition back into the single life because you love living there.

Premarital contracts are popular among millenials

Weddings in St. Clair Shores, Michigan, are popular events, as friends and family members gather to watch happy couples pledge eternal devotion to each other, giving oaths to live together as husband and wife til death do they part. Often, however, those impressive vows are superseded by other considerations, and the marriage only lasts until divorce do they part. Due to that undeniable fact, many wise millennials are protecting their futures by getting a premarital contract before they start planning a wedding.

Tips for a gray divorce

Divorcing later in life may seem very scary. However, you may know at least one or two people that have divorced in their 50s, 60s or even 70s that are not only doing well, but are thriving. However, coming through a divorce at any age takes preparation. When you are divorcing later in life, child custody may not be an issue, but dividing up property can make a significant difference for your divorce settlement.

An expensive divorce could have been even more expensive

Many St. Clair Shores, Michigan, couples start their married lives together with sacred vows in which they pledge eternal devotion to each other. Love, fun and adventure tend to be themes of weddings and honeymoons. However, the main theme of divorce is often cold hard cash, with one divorcing spouse seeking to part with as little of it as possible and the other divorcing spouse seeking to get as much of it as possible.

Divorce has expensive tax implications

Some St. Clair Shores, Michigan, couples make it to their 20th, 30th, 40th and even 50th anniversary, realizing their sacred marriage vows to one another to stick together through good times and through bad times, through sickness and through health. Other couples seem destined to divorce before the ink is dry on their marriage license, as they discover that they are not compatible. Those who do decide to get divorced should understand the tax ramifications of doing so.

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