Prenuptial agreements are becoming an increasingly common part of wedding planning for couples of all ages and income levels. They can help delineate what is separate property going into and during a marriage and help both spouses ensure a fair settlement should the marriage end.
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No reasonable person wants a long, drawn-out divorce. The longer the process takes, the more money it costs, the more time it takes out of your life and the greater chance there is that disagreements with your spouse will grow into serious conflicts. If you have kids, you also increase the stress on them.
No divorce is easy -- emotionally or in any other sense. However, there are steps that everyone can take to improve the ultimate outcome and lessen the drama..
Many people don't feel like socializing while they're going through a divorce. You may value the company of a close friend with whom you can share your emotions over lunch. However, getting out there and socializing with larger groups of people -- assuming that you used to do that -- can be difficult.
"We need to talk."
When the children of divorced parents become adults, they no longer have to live with the custody and visitation schedules set up in the divorce agreement. They are generally free to choose with whom to spend time, for how long and how often. However, your job as co-parents continues. How you handle it now that your kids are grown could well impact just how much you see your kids and what kind of relationship you have with them.
Prenuptial agreements are considered to be a fairly modern phenomenon. However, famed aviator Amelia Earhart, a woman ahead of her time in many ways, wrote her own version of a prenup more than 85 years ago.
An important part of financial independence after a divorce is managing your credit cards. Likely, you and your spouse have at least one or more joint credit cards.
Does your prenuptial agreement have a sunset provision? Many couples have language in their prenups that states that all or part of the agreement expires after a certain number of years. Often, it is 10 years, but it can be more or less.