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Posts tagged "Divorce"

Practical preparations for the divorce process

People in Alabama who decide to divorce may be motivated to move on for deeply personal and emotional reasons. However, separation can also be challenging due to the practical issues involved. Divorce can involve an extensive amount of paperwork and research, so being prepared in advance can help one emerge from a difficult situation with reduced pressure. Therefore, spouses who are considering a divorce may want to begin with an inventory of their personal documents.

Negotiating what happens to a business in divorce

Most happy spouses do not want to think about the possibility of divorce. However, it can be important for business owners in Alabama to protect their company assets in case this happens. Creating a plan is not a way to try to deny a spouse a fair share of marital assets. Rather, it can prevent contentious issues that could negatively affect a business.

Children benefit when divorcing parents bury the hatchet

Couples going through a divorce in Alabama may wish to spare their children the pain of high conflict in divorce. To do so, these couples should be willing to prioritize their children's well-being over their egos. Going through a divorce in a civil manner may have long-term effects for the children caught in the middle. Parents should act maturely in resolving disputes with their ex-spouses.

Expensive mistakes during a divorce

Emotions can be very high during a divorce in Alabama, but expressing them loudly either in person or online can be expensive. If one spouse claims that they cannot afford a proposed settlement but is then seen bragging about a vacation or great deal, they may lose their leverage in negotiations. Other types of over sharing emotionally can complicate divorce proceedings, including bragging about a new relationship or trashing an ex-spouse to others.

Dependent ex-spouses may benefit from a new financial team

It's not unusual for a dependent spouse in Alabama to opt to keep the same set of financial professionals when a marriage comes to an end. The reasons for doing so may be for the sake of convenience or because of a desire to avoid the hassle of having one more thing on a post-marriage to-do list. However, it's generally advised that dependent spouses assemble a financial team more in tune with their needs and goals. This can be especially beneficial if it was the other person who maintained the relationships with various financial professionals.

How paying off debt can help a marriage

Alabama couples planning to tie the knot might want to get out of debt before getting married. For those who are already wedded, it's a good idea to make tackling debt a priority. According to a survey by Fidelity, over half of couples are already in debt when they enter a relationship. Around 40 percent of respondents said that financial burdens created a relationship strain. There are also cases in which couples do not start out in debt but they fall into it as they buy things in an attempt to save a strained marriage.

Making good financial choices after divorce

When people decide to divorce in Alabama, they may be concerned about how the end of the marriage will affect their financial future. It is true that even long after the emotional and practical aspects of the marriage have been resolved for some time, the financial consequences of divorce can linger. As a result, people may postpone ending their marriages even after they have been unhappy for some time. By keeping some tips in mind, people can help to preserve their financial stability after the divorce is finalized.

Is living together before marriage linked to divorce?

Many people in Alabama and across the country choose to live together before they marry. However, they may be surprised to learn that they could be at a greater risk of divorce as a result according to one study. Previous studies had shown that people who cohabitate before marriage were more likely to divorce, but other scholars noted that this effect appeared to be on the decline as the social stigma against living together before marriage also declined. However, the newer study, examining first-time marriages by American women under 44 between 1970 and 2015, did not show that the divorce rate had declined.

Divorce in Alabama: More baby boomers ending their marriages

It seems the days when most marriages last until death doeth part are over. The word divorce doesn't make most Alabama residents bat an eyelash today, and even baby boomers are realizing that when it's over, it's over.  In fact, it seems that more older married couples are deciding that they would rather go into the future as singles rather than as part of a couple.

Breaking a divorce to family, friends

Announcing the break up of a marriage doesn't hold the same stigma today as it did decades ago. Still, there may be some angst associated with telling family and friends of an impending divorce. Although marriages in Alabama are between two people, they're also very much a part of social circles, so the break up may affect those parts of a couple's personal life.

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