When couples in Missouri divorce, spouses often want to jump start the process as a way of getting on with their respective lives. While this is understandable, snap decisions can sometimes lead to adverse financial consequences for the spouse that makes them. In most cases, it is important to seek expert advice before making drastic changes in the way one lives.
Although most Missouri divorces do not make headlines like the split between actors Brad Pitt and Angelina Jolie, many involve complicated property division issues. Many observers have assumed that Pitt and Jolie executed a prenuptial agreement prior to their marriage in 2014, but if so, the terms of the document have not been made public.
The ending of a marriage has the potential to be both unpredictable and traumatic. In the event that a marriage in Missouri terminates in divorce, the property of both individuals will be classified as either marital or personal. The marital property will be divided between the two departing spouses in a complex series of legal actions. If alimony is considered, one spouse could suffer extreme economic losses. That's why many individuals who are entering marriage are deciding to protect themselves via a prenuptial agreement.
When divorcing Missouri couples are determining how they want to divide their assets, they will also have to figure what is best for any businesses that were started during the course of the marriage. Before the assets can be properly divided, however, the value of the business must first be determined.
Missouri couples who are contemplating ending their marriage may be interested to learn that a study found that divorce filings peak in August and March. The study, which analyzed filings from 2001 to 2015 in Washington state, found that the filing numbers peaked following the summer vacation period and winter holidays.
While many Missouri couples have successful marriages, others often decide that getting a divorce is the right move. However, it can be difficult to determine what can potentially lead to a divorce. A study that utilized data from more than 6.300 couples found that women are generally able to do their thing while men who do not work full time outside of the home are more likely to become divorced.
What many Missouri couples who are about to get married and buy a house may not know is that lenders may take a prenuptial agreement into consideration if it includes details about the house the couple wants to buy. Bankers may also look at alimony payments if a couple is going through the divorce process. These documents can give bankers the overall picture of a couple's financial situation.
Many Missouri residents are aware that they can claim Social Security benefits based on their spouse's earning records. However, they may not aware that they may be able to do so even if they have gotten divorced and are still single. The first requirement to claim benefits based on a former spouse's income is that the marriage must have lasted at least 10 years.