The divorce rate for couples in their 50s and 60s has doubled and tripled, respectively. Changes in the alimony tax laws have led couples to rush to finalize their divorces before the end of year, though those who live in California have missed the chance to take advantage of the current tax laws if they did not file prior to July of this year. Along with alimony concerns, there are other financial matters that require thorough consideration.
Millennials in California and elsewhere around the nation have the reputation for thinking independently and often doing things differently than the generations before them. One example of this is that they are waiting longer to get married, according to statistics. With being older, those in this demographic also realize the possibility that a marriage may end in divorce one day. To protect themselves financially, many see the benefits of getting a prenuptial agreement before they get married.
Marital splits can cause all sorts of anxiety in many areas of life. One aspect of life that divorce may affect is financial. Suddenly, a two-income household becomes two separate households, usually with one income earner in each place. When a California couple divorces and the financial situation is a complex one, it may take months to reach an agreement. Individuals need to be prepared to deal with the financial picture moving forward as singles.
Life changes and so sometimes do feelings. No California couple heads to the altar with the thought of divorce on their minds, so it might be that they didn't give consideration to a prenuptial agreement. On the contrary, all couples should. It has actually been shown that marital agreements work to strengthen a union, not the other way around.
Pets are people, too. At least they now have the same status in California when it comes to couples who have chosen to divorce and who can't agree on with whom Fido or Fluffy is going to live. A judge can now make that decision in the same way he or she makes a decision on child custody, if parents can't agree. So, pets are no longer simply property like a sofa or table is considered to be.
Children without special needs may have a difficult time coping when their parents breakup. Imagine, then, what it would be like for children in California who do have special needs, like autism? They will likely need extra help to deal with their parents' divorce. Indeed, both the children and the parents may need professional help in this instance.
When most couples in California or anywhere around the nation plan a wedding, they are not likely thinking that their marriages will ever end. However, increasing numbers of couples are considering the need for prenuptial agreements in the event of a future divorce. While a prenup may not be in the forefront of the minds of a typical couple, one might think a couple with millions of dollars between them would consider a marital agreement to be necessary before tying the knot. Yet, rumors about a recent celebrity union include the fact that a prenup was not included in their wedding plans.
Prenuptial agreements are not typically the first thing on the minds of California couples or others around the nation. While not necessarily the most romantic topic to discuss prior to tying the knot, these documents can prove to be valuable should a couple subsequently decide to get a divorce. In fact, a majority of matrimonial lawyers have witnessed an increase in the number of clients who want to get some sort of marital agreement.
Any time a marriage ends in California or anywhere around the nation, there are always countless issues to resolve. No matter how old a couple is, the decisions made during a divorce have major implications on the lives of those involved. However, older couples may realize that getting divorced may throw a wrench in their retirement planning.
When couples in California or elsewhere around the country decide to end their marriages, the issue of property division can often become contentious. As emotions likely run high during the divorce process, the parties involved are concerned about protecting their individual interests. However, if a couple has developed a prenuptial agreement or other marital agreement, the decisions about "who gets what" are more straightforward. Experts are reporting that these types of agreements seem to be more commonplace with a particular generation.