If you are contemplating a divorce or believe that your spouse is, it's essential to note your date of separation (DOS). This date can have a significant impact on how assets and debts are divided if you divorce.
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.
Couples who have accrued significant assets during their marriage often discover that the property settlement segment of the divorce is quite complex.
The state in which a couple's divorce is handled can make a significant difference in their property division, custody agreement and other important issues. For most couples, the state is not in question. However, for couples who own property and spend time residing in two or more states, it is one of the first matters that needs to be resolved.
One of the main concerns that all good parents have when they divorce is the impact on their children's lives and how their parents' split will affect the memories they have later in life of their childhood. Even parents who are comfortable financially and can continue to provide a good lifestyle for their kids after divorce worry that their lives won't be as happy as they should be.