Prenuptial or premarital agreements were once something the wealthy used when they remarried. Now, these agreements have become more common for couples in all income brackets. In fact, millennials in particularly embraced them in recent years. However, it is important...
Divorce
Divorce can take a toll
The physical and mental toll that stress takes upon people is well-documented in recent years. Now a new study focuses on divorce’s impact. There is a certain amount of stress (and hopefully cause for some optimism) tied to divorce. Still, this study is the first to...
Online behavior can jeopardize a divorce settlement
Connecting with friends and family online has been a great help in coping with the impact of the isolation brought on by the pandemic. However, those who file for divorce need to be extremely careful about what they post until they finalize the paperwork. This may run...
Divorce rates trending up in 2020
The impact of COVID-19 has been felt in many areas, and marriage is one of them. There are now reports that the United States' divorce rate has spiked compared to the same period last year. According to one study, the number of people filing for divorce is up 34% from...
When mental illness affects your divorce: Tips to get through it
You’ve noticed that your spouse has changed. They’re excited and driven one day, but depressed and angry the next. You’ve asked them to seek counseling or to make an appointment with their doctor because you’re worried about their mental health. They were upset that...
Financial steps to consider in your divorce
Divorce can disrupt your finances for years to come. While you cannot avoid many of the costs involved, you can limit the financial impact by planning ahead and making good decisions. Keep the emotion out of your financial decisions: Divorce is emotional, so this one...
Taking ownership of the family home after divorce
A home is so much more than the materials used in its construction. It is a place of comfort, warmth and love, and the scene of many treasured memories. A divorce upends all of this, and the house – once a source of stability – can quickly become a point of...
The impact divorce has on retirement savings
Retirement accounts may be the most frequently overlooked asset in a divorce. These savings are often quite valuable on their own. But because of their generally private nature and long-term promise, separating spouses do not always prioritize them as they should....
The most common reasons people file for divorce
There is no standard template for what makes a marriage work, nor a formula for determining when such a coupling might end. Every situation is different, and these matters are deeply personal. It is what makes a divorce so challenging, even if a spouse believes it is...
How to protect a business from property division
There are more than 870,000 small businesses here in Michigan. All of these businesses tallied by the Small Business Administration were started by somebody with an entrepreneurial drive and a dream. Yet a divorce can put a small business at risk. Without any...
