Whether you are going through a divorce or separating from your significant other, if you have children you likely have many questions about what will happen to them through these difficult times. Child custody is often a contentious topic, as not all parents agree on what is best for their kids.
Negotiating a summer parenting plan? Keep these things in mind
Most legal processes take time. You can't simply present your needs to a Missouri court and expect a judge to resolve your situation overnight. Thinking ahead and being proactive toward meeting your goals are key factors that may at least help expedite the family law process, especially when the issues at hand pertain to co-parenting.
Avoiding debt, protecting assets among reasons for prenups
More millennial couples in Missouri may be getting prenuptial agreements than in the past, and it is part of an overall rise in prenups. However, attorneys say the increase in prenups among the 18-to-34 age group is a somewhat more recent phenomenon, and there are several reasons this may be the case.
Splitting inherited IRAs in divorce
Missouri residents who are getting a divorce may be concerned about whether they will be able to retain certain assets that they own individually. One type of assets, inherited individual retirement accounts, are being divided in divorces. Because the pretax funds may be used to offset the cancellation of the alimony deduction that becomes effective in 2019, IRAs may begin to have a more significant role in divorce settlements. The inherited IRAs are split during a divorce in situations in which the spouse that inherited an IRA wants to use a portion of the funds to fulfill an agreement made regarding the division of property.
Creating a parenting schedule that works for the family
When Missouri parents get divorced, they may end up with joint custody of the kids. For those who have this type of child custody arrangement, creating a parenting schedule can be important when it comes to a stable home life for the kids.
Divorce is a good time to reconsider financial goals
Missouri couples going through divorce may use the separation process as an opportunity to reconsider financial goals and, if necessary, set new ones. While divorce is an emotionally-charged process, it is important not to forget that it will change all aspects of life, including financial stability.
