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What to know about prenuptial agreements

Michigan residents may believe that prenuptial agreements are bad omens for their marriages. However, this is not necessarily the case. Instead, they can be a practical solution to help a couple handle financial and other matters in a calm and rational manner. While the discussions may not seem romantic, they can be both honest and positive when handled correctly.

Preparing for divorce

When you know divorce is on the horizon, it is time to take steps to protect your financial interests and to make the process smoother. Planning ahead and acting promptly can save a lot of stress and bitterness in the future.

When a custodial parent dies

When a custodial parent dies in California or elsewhere in the country dies, there are a number of factors that determine what will happen to his or her child. The other parent may get custody, but if it is the father, and he was not married to the child's mother when he or she was born, paternity must have been established. If this has not happened, the biological father can initiate paternity testing after the death of the custodial parent.

Older adults divorce at higher rates

When looking at marriage and divorce in America, age makes a big difference. Michigan residents might not know that divorce is becoming less common for young people but more common for older individuals. Since the 1990's, the divorce rate has roughly doubled for couples who are 50 years old and older. In this age group, 10 out of 1,0000 married people divorced in 2015, which is an increase of five people.

The importance of focusing on children during a divorce

Many Michigan children struggle emotionally when their parents decide to split up. While there's no way to completely mitigate the emotional distress that results from a divorce, there are a number of ways that people may be able to help their kids deal with it. Some of the ways include picking the right time to announce a split and considering a mediated divorce.

Why all couples should consider a prenup

While asking for a prenup may not seem like the ideal way to begin a marriage, it can be a practical way to protect assets. Michigan residents who own a business or are well off financially prior to getting married may benefit the most from a prenuptial agreement. However, they can benefit all couples as it forces them to communicate what they want and need from the relationship before they get married.

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