Although prenuptial agreements are becoming more common, many people still think that unless they have significant assets going into a marriage, they don't need one. That's why we want to discuss a few scenarios where those who don't have a lot of money when they wed should get a prenup to protect themselves and others when the marriage ends in death or divorce (and, face it, those are the only two options).
When a couple divorces in Rhode Island, all marital property is divided according to equitable division rules. This means that a judge will largely base their decision about how to divide up property between you and your ex by taking into consideration what they deem is fair.
When couples divorce, they often are faced with the task of selling the family home. In fact, that's the choice made by over 60 percent of divorcing couples. It's often not financially feasible for one spouse to buy out the other's share and maintain the house alone. Further, it may be simply more space that either of them needs.
One of the biggest decisions couples make in a divorce is what to do with their home. There's no one right or wrong decision that's best for every couple.
You may have noticed that prenuptial agreements are more popular with young people in 2017 than they were for those people's parents' generation. Why is this?
Property division is a very serious matter that takes a lot of planning. This is especially true if you are going through a high-asset divorce. There are a lot of things that you have to think about when you are trying to work through what you want to walk away with.
Being in the military is not just a career choice -- it's a way of life. Anyone who has been a service member or has one in their family is well aware of that. Serving in the military can also take its toll on a marriage.
If you and your spouse need to take your marital property division disagreements to court, you'll want to educate yourself on Rhode Island marital property law. Simply asking questions to your divorce lawyer may be enough to satisfy your "need to know" in this area of the law, but you may also want to review the following list of considerations.
Prenuptial agreements are becoming more common among people of all ages and income levels. They're no longer the province of older, wealthy people or even young people with significant inheritances and trust funds. In fact, the increase in prenups among millennials is particularly significant.
Divorce is a challenging and emotionally charged process with a lot of moving pieces. Property division is often thought of as the most difficult aspect of divorce.