There is a distinction between irreconcilable and reconcilable differences when it comes to separation and divorce. The focus of this article is on the reconcilable ones. When the relationship changes to a point where there will be a separation and divorce, there are certain issues that need to be addressed so that both parties can financially disentangle and move on with their lives. Emotional disentanglement takes time. When there are children, emotions can be purposefully directed to a cooperative parenting plan so that the children can benefit from the qualities that each parent brings to the family. For more on co-parenting agreements, please see my article entitled: Co-parenting, Where do I start? Continue Reading
Articles Tagged with maintenance
The Effect of COVID-19 on Elements of a Separation and Divorce
When parties initiate the divorce process, there are certain major issues that need to be addressed in coming to a final agreement. These issues include the distribution of property and debt, support (spousal and child, if applicable), health insurance, and custody and parenting arrangements. With the Coronavirus affecting many areas of daily life, some of these common divorce issues may become more complicated as parties work through divorce negotiations. Continue Reading
Challenging Maintenance Provisions in a Prenup: The Real “Big Bang”
Prenuptial agreements can include many different areas, including maintenance arrangements in the event of a divorce. Specific requirements and limitations on maintenance provisions vary from state-to-state. A celebrity prenup has recently come into the news because one spouse is challenging the maintenance provision of the agreement and requesting a modification. It does not appear that he is challenging the prenup itself, just the maintenance provision. Continue Reading