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.
All parents want to protect and shield their children from experiencing pain and heartache. With this in mind, parents who choose to divorce often have many concerns about how a divorce will impact a child. Parents have good reason to worry as, if handled poorly, divorce can be an extremely confusing, scary and difficult time in a child's life. It's important, therefore, that parents set the right tone and deliver the right message to a child, starting with the very first divorce-related conversation.
Making the decision to divorce is never easy and many couples struggle for years to salvage a relationship. At times, however, divorce truly is the best option for both unhappy spouses and their shared children. For couples who have amassed a considerable amount of wealth during the course of their marriage, the divorce process can be particularly complex and it’s important to seek the advice and assistance of an attorney who has successfully handled high-asset divorces.