Income inequality is a topic that has drawn a lot of attention in a variety of contexts. It has impacted many different aspects of people's lives including who they marry. In this regard, "associative mating" has become a popular trend as individuals look for others who have similar levels of education and similar income potential. This is different from the 1950s when women would look to marry those who had more money or education.
Divorcing couples in Missouri often face a combination factors that make it difficult to make wise decisions. Ending a relationship is an emotional situation that presents many complex options. When people don't clearly understand the divorce process and the associated laws, it can lead to financial ruin and cause even more emotional damage to everyone involved, especially children. Therefore, divorcing parents should be aware of strategies on how to protect their assets for a better financial future after the split.
When Missouri business owners are planning to marry, there are important reasons why they might want to consider entering into prenuptial agreements with their fiances in order to protect their business interests. If couples get divorced without agreements that address how one spouse may leave their companies, they risk losing their companies all together in their divorces.
Missouri residents may have heard of a qualified domestic relations order. A QDRO is what allows assets in certain retirement plans to be transferred without penalty. However, companies such as Vanguard or Fidelity may charge a QDRO fee of up to $1,200 or more. This is in addition to any fees that a lawyer may charge to prepare and process the order.