When looked at from a macro perspective, divorce can often be seen as having commonly recurring features. As we note on our family law website at the Law Offices of Lisa A. Ruggieri, P.C., "[A]ll divorces have the same basic elements involved."
A couple of weeks ago, we wrote a post about marital contracts. More specifically, we talked about prenuptial agreements. Prenups are valuable contracts that can help many couples address some critical issues in marriage and divorce. Financial considerations can be made, as well as provisions that help protect your family business and your estate plan.
One point made by a commentator in a recent family law article is certainly arguable, namely, that the baby boomer demographic has largely viewed marriage "through rose-colored glasses."
Here's a quick twofold response to the above-posed headline query: A QDRO is, in its long-form appellation, a Qualified Domestic Relations Order and, yes, it can become a focal point in many divorces.
Risk is so closely aligned with life on planet Earth that many people simply take it for granted. In many areas across the globe, individuals and families just assume the many risks that centrally feature in life, not taking any proactive steps to minimize or avoid them.
Whether in the midst of a divorce or prior to commencing one, you're understandably concerned about many things.
"What we've got here is failure to communicate."
Here are a couple truisms that can be stated as having general applicability in divorce cases.
No matter how many or how few assets you have, a prenuptial agreement can benefit you. Essentially, this document helps protect your personal assets as you enter a marriage. It outlines how the property will be distributed if a divorce occurs and what kind of financial support may be offered to a spouse.
In any divorce, both parties are likely to have questions and concerns about finances. This may be especially true in cases where one spouse dropped out of the workforce to care for children or where one spouse makes considerably more money than the other. When the impending dissolution of a marriage could leave an individual at a considerable economic disadvantage, issues related to alimony should be explored and addressed.