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Posts tagged "Divorce"

Good reasons to consider a postnuptial agreement

When more people in Washington got married just after high school or university, prenuptial agreements may have seemed unnecessary to many. Prenups were often considered rare, a sign of a potential mismatch or upcoming divorce, or an indication that an ultra-wealthy person or a celebrity was involved. However, as the average age of marriage has increased, more people are opting for prenups. They want to decide for themselves how their homes and businesses will be handled in case of divorce, and they may be coming to the relationship with an established financial plan reflected in the agreement.

Divorce more common as the new year dawns

Some people in Washington may be prompted to file for divorce along with the turn of the year. There are a number of reasons why an increasing number of divorces are initiated at the beginning of a new year. In the first place, parents may be concerned about the effects on their children. For many families, the winter holidays are an important time. Parents are often very concerned about how the divorce will affect their children, even when both spouses are well aware that their marriage has come to an end. As a result, they may want to protect their children's holiday experience by forestalling the divorce.

Tips for discussing a prenuptial agreement

When a couple in Washington decides to get married, they may want a prenuptial agreement. Even if a couple is simply planning on living together, a cohabitation agreement can help facilitate conversation and set expectations. It is important that both individuals have input into the agreement and are happy with it.

Why and how to create a prenuptial agreement

Washington couples who are planning to get married may also want to consider a prenuptial agreement. A prenup lays out a plan for how property will be divided in case of a divorce. Even couples who are not getting a prenup may want to visit a financial planner or a legal professional to find out how marriage will affect their ownership of property and how it will be divided if the marriage does not last.

How to prepare for supervised visitation sessions

Judges may order supervised visitation whenever they believe a child could be in danger while alone with a parent. While it may be frustrating for parents to have limited contact with their children, it is important that they make the most of each visit. Parents are encouraged to memorize the visitation schedule as well as any restrictions that are in place while the visits occur. They are also encouraged to follow the schedule as closely as possible.

A collaborative divorce is less stressful and can save money

A common reason why some Washington couples find themselves in family court working through a divorce is an acknowledged lack of communication. Perhaps it's too much to expect that a couple who could not get along during marriage will suddenly find the magic formula to be able to discuss and resolve areas of disagreement, but that's exactly what a collaborative divorce requires. If the two can put aside their differences long enough to look at the bigger picture, they may find that there are immediate and significant advantages.

Prenuptial agreements can ease property division

When people in Washington think about marriage, they may not consider that a prenuptial agreement is necessary for them. In the past, many people considered prenups to be a matter solely for celebrities or ultra-wealthy individuals with large family estates. However, an increasing number of people are moving toward choosing prenups for themselves, especially as people choose to marry later in life after they have already established careers or purchased property. Given that people often marry others at similar career points or socioeconomic standing as themselves, prenups can help to avoid more complicated issues later down the line.

Business owners' concerns during a divorce

Business owners in Washington should take extra care in the decisions they make when they determine it is time to divorce. Small, closely held businesses are linked intimately to the owners' finances. In many cases, these firms are marital property up for distribution as part of the asset division process. Some people may find it easy to reach a settlement, especially when one spouse is more heavily involved in the company, and the people involved are relatively prosperous outside the business. One spouse may take a greater share of real estate or retirement funds in exchange for relinquishing a claim on the company.

Understanding the reasons behind strategic divorce

Washington couples may be interested in learning why some spouses are willing to get a divorce to save money. This has been referred to as a strategic divorce. More individuals in a higher tax bracket may consider this option in light of the 2018 Tax Cuts and Jobs Act. This piece of legislation means that a couple who is in the top 37% tax bracket has a higher liability if they file as a couple.