While traditionally associated with the rich and famous, prenuptial agreements have become a topic of interest for a broader range of couples. Exploring their benefits can help you decide whether prenuptial agreements might be the right choice for your marriage.
One of the primary advantages of a prenuptial agreement is asset protection. It allows individuals to safeguard their personal assets, such as homes, businesses or investments, acquired before the marriage. This can be particularly important for entrepreneurs or individuals with substantial wealth, as it can help ring-fence their pre-marital assets.
Prenuptial agreements can provide an undeniable level of transparency and clarity in a relationship. By discussing and documenting financial expectations, couples may reduce the potential for misunderstandings and conflicts in the future. It can also promote open communication and trust within the marriage.
Suppose you have children from a previous marriage; in that case, a prenuptial agreement can ensure that your assets and resources are protected for the benefit of your children. This can be especially important in cases where you want to ensure that your children's inheritance remains intact.
Did you know that a prenuptial agreement can be a financial planning tool? It allows couples to decide on financial arrangements that make the most sense for their specific situation rather than relying on default legal frameworks that may not align with their wishes.
Prenuptial agreements can be crucial for couples who want to establish clarity in their financial matters and plan for their family's future. However, they are not a one-size-fits-all solution, and their suitability depends on the specific circumstances of each couple. Before considering a prenuptial agreement, engaging in open and honest communication with your partner and seeking legal counsel is important.
]]>“Divorce registries” have also entered the lexicon. Whether you feel like celebrating your divorce or not, chances are, you’re going to need some new things. This is true whether you’re staying the family home, but your spouse took some furniture, gym equipment and linens or you’re furnishing a new place and want it to reflect your style rather than your ex’s. At least until all the financial agreements and transfers are worked out, you’re also probably going to be watching your spending.
Divorce registries are much like wedding and baby registries. You select the items you need (or just want), and friends and family can buy them for you. It’s a nice way for people to support you during this big life change when they don’t quite know how to help. If you announce your divorce on a group text, email or other post, you can slip in a link to your registry to let people know about it without actually asking for things.
You can set up a divorce registry at retailers like Amazon and Target, which allow registries for any occasion. There are also registries unique to divorce. For example, the registry at Divorcist lets you ask for favors like babysitting, dog walking, moving help, repairs and more as well as cash.
Websites like Fresh Starts focus on home furnishing and decorating items. These can be helpful if you need to furnish a room for your child in your new home or set up your own kitchen for the first time. While registries have traditionally been marketed toward women, anyone can benefit from setting one up – and just browsing some of the sites for ideas can prove to be surprisingly inspiring.
To be clear, you should never rely on a divorce registry as an alternative to a fair property division or support agreement. However, it can be easier to focus on dividing large assets and working to keep the things that are important to you if you can rely on your friends and family to buy you a new espresso maker or contribute towards a new exercise bike. With a registry, you may not have to “sweat the small stuff” quite as much.
]]>Everyone’s workplace is unique. In some, colleagues are close and comfortable with sharing aspects of their personal life. Others are more impersonal and, in fact, bringing your personal life into the workplace is discouraged. Regardless of where your workplace falls within this spectrum, there are a few tips that everyone should consider.
It’s almost always wise to let your boss know sooner rather than later. You don’t need to share details. However, it’s wise to give them a heads-up that you may need to take time off for court and other legal obligations or possibly for added child care responsibilities. While you’re doing this, assure them that you won’t let your divorce affect your work or your commitment to the business.
If you choose to tell any other co-workers, it’s typically best not to until you’ve notified your boss. Managers generally don’t like to be out of the loop.
If you’re not telling anyone else, let your boss know that so they understand they need to keep the information to themselves. The same is true if you have to notify Human Resources personnel about a name, address, emergency contact or other change.
Don’t let your divorce follow you into the workplace. That may mean not checking personal emails or voicemails at work – at least until you’re at lunch or somewhere you can deal with them properly.
Most legal and other professionals will refrain from contacting you during your work hours if you ask them unless it’s a time-sensitive matter. It’s best if you and your soon-to-be ex can agree not to do that as well (unless it’s an urgent matter about a child). This can help you keep divorce decisions and drama from distracting you from your work.
If you get experienced legal guidance, you can feel more assured that your divorce is in good hands. This can make it easier to compartmentalize your life, keep matters private and prevent your divorce from affecting your ability to do your job.
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