Transitions in relationships, just like any transitions, can be challenging. But, as many have found, they are often necessary for personal growth and well-being. Legal separation, an alternative to traditional divorce, offers individuals an opportunity for a breakthrough rather than a breakdown during and after this transition. By combining legal separation with mediation services, a…
When couples divorce, the topic of spousal maintenance (also known as spousal support or alimony) can be challenging and emotional. But, to make fair decisions regarding spousal maintenance, understanding the factors considered from a legal aspect is important. By examining these elements, we can create post-divorce financial arrangements that are fair to both spouses. Additionally,…
Divorce is a complex process, and for self-employed individuals, it comes with its own set of unique challenges. Understanding the financial and legal considerations specific to self-employment is crucial for a successful divorce resolution. One primary consideration is business valuation. Self-employed individuals often have assets tied to their business. Determining the value of the business…
Divorce can be a tough road to go down, with emotions running high and the future feeling uncertain. In the midst of all the emotional turmoil, it’s easy to overlook the practical stuff, like how your finances will be affected. Divorce can be a turning point in life and an opportunity for a fresh start….
Whether a divorce is amicable or contentious, everyone wants to protect their own financial interests. If you have an existing prenuptial agreement, some things may already be decided but even with a prenup, some things may need to be negotiated and things may have significantly changed since you first drafted the prenuptial agreement, necessitating a…
Many couples do not want to enter into a marriage with a prenuptial agreement because it seems like they are setting themselves up for failure before they even say ‘I do.’ However, after tying the knot, some couples may decide that it is a good idea to take steps to protect and/or divide property in…
Marriage is a binding legal agreement entered into by two parties. The marriage binds the financial and other assets of the couple together legally. Whatever debts, money or property held during the marriage are subject to splitting when the marriage dissolves. Postnuptial agreements are one way the spouses can outline the dissolution of assets before…
Post-Nuptial Mediation Whether they have them or not, most people have heard of pre-nuptial agreements. These agreements are designed to protect the assets of both individuals in the event of a divorce. Pre-nuptial agreements are legally binding documents that are signed before marriage. But, did you know that there is such a thing as a…
No matter how far into your marriage you may be, you may find yourself considering the benefits of a postnuptial agreement. These contracts are legal documents that serve to define the assets, debts and financial obligations each partner owns or is responsible for. While these contracts may be used by some to safeguard their finances…
Postnuptial Agreements Can Help Prevent Future Legal Issues Many people are familiar with the concept of a prenuptial agreement that couples sign before they walk down the aisle. However, another important tool in preventing complicated legal wrangling in the case of divorce is the postnuptial agreement. This contract usually covers topics such as the distribution…
How a Postnuptial Agreement is Different From a Legal Separation Agreement It is not often than the people involved in a marriage want to talk about planning for a divorce. However, there are many circumstances under which the two members are well served by having the discussion. Perhaps the most well-known situation is the prenuptial…