Individuals in Alabama and throughout the country may want to consider crafting a prenuptial agreement before their weddings take place. This may be ideal for anyone who owns a business or who wants to create one in the future. The agreement could protect a person's ownership interest in a company that could eventually grow into a local, regional or national power. Those who are getting married for the second, third or fourth time may want to create a custom marriage contact.
Alabama divorce lawyers and other experts say that the turn of the year is an increasingly popular time to seek a divorce. There are a number of factors that contribute to this surge in divorce filings, but many of them are related to the surrounding holiday season. Lawyers and even Google searches bear out the claim that divorce is more common in January. In fact, even as overall divorce rates drop, an annual spike in January continues to point to the month's reputation as "Divorce Month."
While weddings are largely seen as romantic events, it is also important to understand the financial side of marriage. Ideally, those getting married in Alabama or any other state will discuss financial and other important matters before the wedding takes place. With a prenuptial agreement, a married couple gains more control over how their assets and liabilities are divided in the event that the marriage doesn't work out. Absent a prenuptial agreement, a judge could decide how assets and liabilities are divided.
Men and women in Alabama face challenges when going through a divorce. However, the challenges that women face during the divorce process can be different than those faced by men. This may be due in part to differences in the median income level between women and men. Women in the United States make, on average, 81% of what men make. However, in a divorce, women are awarded custody nearly 90% of the time in the United States.
Social media has a strong influence over almost everything nowadays, including divorce. Alabama residents may be interested in learning about how electronic and social media evidence plays a role in modern divorces.
Couples in Alabama who are going through a divorce might own a home together. They will need to decide what they will do with it. One person might want to keep the home instead of selling it.
Divorce can bring a huge number of changes into the lives of children in Alabama, but parents can help them through the process. It is important for parents to focus on what is best for their children and not on their conflict. Parents should avoid discussing one another negatively in front of the child and should instead focus on positively supporting the child's relationship with the other parent.
When people in Alabama decide to divorce, they may be deeply concerned about the effects on their finances. After all, the financial implications of divorce can linger on long after the emotional fallout settles. Many newlyweds are choosing to keep their banking accounts somewhat separate. This involves maintaining individual accounts or paying only part of an income into a joint account for the home and other bills. Younger people are more likely to opt for separate banking, perhaps due to the popularity of instant online transfer apps that make it easy to share funds.
Social security payments are very important for many older Alabama residents, but a divorce might lead to some confusion about whether they can still receive benefits. In cases of divorce, for people who did not work or mostly depended on their ex-spouse for financial support, benefits from that ex-spouse make up a substantial amount of their payments.
When Alabama couples decide to divorce, they may have to deal with a wide range of emotional, practical and financial consequences. With all of the transitions that accompany divorce, exes may think little about the insurance changes. In fact, it can be easy to miss the divorce-related ramifications to insurance policies.