A divorcing spouse has many opportunities to undermine their case for spousal and child support, property division and other important matters. The misuse of social media is a misstep that can be used against a spouse during divorce.
Any relationship benefits from a healthy dose of communication. However, when a relationship goes south, there’s a good chance you want nothing to do with that person. For marriages, bad communication and emotional disconnect are warning signs. You might be looking to divorce as an option, but you’re worried about how it will affect your child.
Splitting a married couple's assets is often difficult during divorce. However, property division of retirement assets has its own unique concerns. Specific rules govern dividing 401(k) plans, pensions and individual retirement accounts. Annuities are also difficult, and couples may have to trade assets to avoid cashing in an annuity and losing significant value.
Prenuptial agreements serve as insurance for resolving issues if marriages end. Changes in the nation's tax laws concerning divorce and the increased use of prenuptial agreements have focused more attention on them. If done correctly, these agreements outline financial rights and responsibilities and set forth agreements on property division before marriage. Prenups can also lower the length and tension of the divorce process.