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October 2016 Archives

How to prepare for a divorce, part 1

Each year, thousands of couples decide that their marriage has come to an end. The Center for Disease Control and Development reports that over 2 million marriages were formalized each year and over 800,000 divorces and annulments were performed since 2000. One way that the many couples seeking divorce can make the process easier is by preparing for the process beforehand.

Financial matters to be aware of during a divorce

A divorce may signal the end of a relationship, but it may not be the end of the money problems that a Michigan couple may have. If a couple has joint debts, both parties may be obligated to pay for them. This means that if the other spouse fails to pay any debt that he or she agreed to take care of, the credit scores of both people could be hurt.

How can an unmarried father establish parental rights?

Establishing paternal rights outside of marriage can be challenging, especially for a biological father. Maternal rights can be established rather easily as a woman gives birth in a Michigan health care facility. However, some mothers might choose to withhold information about the identity of the father. Others might be unsure of the identity. A man who believes that he is the father of a child might face some legal challenges in order to formally establish the relationship, especially if there is contention with the mother.

Financial conversations to have before getting married

Around 45 to 50 percent of first marriages end in divorce, and many of these relationships break down due to financial disagreements. Michigan couples might be able to lower the likelihood of divorce by discussing their own financial situations and attitudes about money prior to tying the knot. For example, couples should be clear about what assets and debts they are bringing into the marriage. This should include sharing credit ratings and any previous bankruptcies. Some couples may also want to consider a prenuptial agreement.

Shared custody may be best option for children after divorce

When actress Angelina Jolie filed for divorce from actor Brad Pitt, she requested full custody of the couple's six children. The reasons for this are unknown, but the couple's high-profile custody battle has reignited a debate in Michigan and around the country over what custody arrangements are best for kids when their parents divorce.