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November 2015 Archives

Spousal support after a high asset divorce

Spousal support is often granted to lesser earning spouses for a specific amount of time after a marriage is over. This is designed to allow a spouse to enjoy a continuity of lifestyle, as well as provide an opportunity to find employment or settle into a new place. Ohio readers know that not every divorce order will call for spousal support, but courts consider the length of the marriage and other factors when determining if financial support will be given.

Divorce with a strong financial future in mind

During divorce, it is normal to become focused on winning emotional battles and addressing immediate concerns. Ohio individuals facing divorce should note that it is important to maintain the perspective of building a strong post-divorce financial future, as this can help avoid problems after the process is finalized. A focus on short-term problems can lead to disputes when enforcing the actual terms of a final divorce order. 

Divorce: Prenups can protect professional and personal assets

It is not uncommon for arguments about money to kill the romance in many Ohio marriages. If money issues are not addressed in a timely manner, anxiety, fear and uncertainty can be destructive. Unfortunately, such feelings often lead to threats. It is not uncommon for one spouse to threaten the other with taking everything in the event of a divorce. Fortunately, a well-drafted prenuptial agreement can provide the peace of mind necessary to allow couples to concentrate on the things that really matter to keep love and companionship strong in a marriage.

Protect financial interests in case of an eventual divorce

Ohio readers who are facing a divorce or who are already engaged in the process know that financial matters are some of the most complex to navigate. Nevertheless, there are ways to protect financial interests in the event of a subsequent divorce. This is typically accomplished through the execution of a formal prenuptial agreement. 

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