Retirement is one of the things many people await with anticipation. After putting in decades of work, your senior years should be spent taking it easy and enjoying your family. However, some Missouri residents may dread the retirement age if they have no retirement benefits to look forward to. This can be especially true if you are divorced and struggling to make ends meet.
If you are like most people in Missouri, you likely know at least one divorced man who has been required to make alimony payments to his former wife. For some time, this was a relatively normal component in the average divorce settlement. This was a reflection in part on the fact that women either stayed at home to raise their children and did not have their own incomes at all or that whatever jobs women did have earned them much smaller salaries or wages than those earned by their husbands.
Debt seems to be something that most people in Missouri face in some way. It is all but impossible to buy a car or certainly a house without amassing some serious debt. In addition, credit cards have come to be a commonly used form of payment across the country in today's society. While all of this is normal, it can pose unique challenges for people when they face an impending divorce.
You would probably not have to divide all of your personal injury settlement or award if you got divorced. Missouri law differentiates between marital and nonmarital elements of payments you received for injuries.
Child support is not a punishment. It is a way for the state to guarantee that both parents support and care for a child. However, to some in Missouri, it may seem like a punishment. Specifically, if you are in prison, having a child support obligation can become a nightmare.
As an engaged couple in Missouri, you may not think that you need a prenuptial agreement, whether it is because you cannot imagine getting divorced or neither of you have significant assets. However, after saying 'I do,' you may realize you made a mistake by not protecting yourself. If this is the case, do not fret because you can do a postnuptial agreement, which includes similar information as a prenup.
What happens when you suddenly have to do a detailed self-audit after several years of having someone else help you with your bills, investments or even your retirement accounts? That is the question that we see many divorce litigants asking.
You probably do not go through life simply thinking about money all the time. In fact, even if you were a financial professional, you may not have a complete handle on your own financial state all the time. Like many people in Missouri, you probably focus on making money rather than counting it.
Approaching the holidays, you may have noticed your marriage is under a lot more pressure than usual. Whether you are just beginning to experience marital disharmony, or you have been unhappy with your union for a long time, we at the law firm of Kelly, Symonds & Reed, LLC, know that the holidays can be difficult for Missouri residents. In fact, the period after Christmas and New Year’s signals the start of what many family law attorneys call “divorce season.”
When your marriage is not going well, you may consider divorce. In some situations, though, divorce is not the right answer. Missouri offers you an alternative. According to the Missouri Courts, you can file for a legal separation. This allows you to have a formal decision on your relationship without the permanent effects of a divorce.