Phoenix Family Law Blog

4 prenuptial agreement mistakes that could leave you unprotected

As you bask in the glow of your recent engagement, you may feel as if nothing could bring you down from your elated mood. As a result, one of the last things on your mind may have been divorce. After all, you have not even tied the knot yet. However, your soon-to-be spouse may have broached the topic of creating a prenuptial agreement, and you may feel caught off guard.

Prenuptial agreements do not have to seem like insulting or frightening documents to consider. In fact, these agreements can offer many benefits. Therefore, you may wish to avoid the following mistakes when creating your terms.

Splitting business assets during divorce is tricky business

Going through divorce can be both emotionally and financially taxing. This is especially true if you and your spouse have a large number of assets to divide between yourselves. It is also true if you have a high-value asset, such as a family business, to split up.

The process of getting a divorce in Arizona is inherently complex. For this reason, understanding the additional issues you must address when a business is at the center of this type of family law proceeding is paramount. After all, looking over these issues and making the wrong choices may end up costing you financially in the long run.

Arizona veteran takes center stage after USSC decision

After spending decades in the U.S. Armed Forces, veterans receive retirement benefits that help them enjoy their golden years with their families. That is, unless they get divorced. Prior to 1982, a significant amount of confusion existed regarding whether a non-military spouse could receive a portion of the service member's retirement.

In that year, Congress passed the Uniformed Services Former Spouses Protection Act, which gave states the right to include military pensions as part of the marital estate within certain guidelines. Even with certain instructions from the act, states were not consistent regarding what to do if a veteran took disability payments in lieu of a corresponding portion of his or her retirement. This often meant a reduction in any amount awarded to the non-veteran spouse.

Covering your child's needs without breaking the bank

The end of a marriage will inevitably bring about a change in the lives of everyone involved. While certain aspects of a divorce can be challenging, such as the division of property and assets, you may consider the topic of child support to be of the utmost importance. If you are transitioning from a two-person income to a single income, ensuring the ability to meet your child's needs while not becoming financially overwhelmed may be crucial.

Perhaps you are wondering how to calculate a proper amount for support. You probably want to make sure your children have everything they need throughout the process of growing up, but you likely don't want to fund your former spouse's endeavors in the process.

Don't ride into the sunset without your share of the assets

When your marriage has reached the end of the road in Arizona, your journey isn't over. You might be heading in a different direction, and you might be travelling alone, but you're still moving. What you bring with you on this new adventure will depend largely on how your divorce plays out.

Post-divorce changes are part of rebuilding

In the first year or so following your divorce, things may have gone well enough. You and your former spouse may have settled into your co-parenting agreement, and the child support payments arrived on time. After the months of stressful divorce, this may have been a welcome relief, and your life may finally be moving in a positive direction.

Mediation can minimize trauma typically associated with divorce

While most people in Arizona and elsewhere spend months planning their weddings, many file for divorce on impulse. Regardless of the circumstances, divorces can leave you emotionally and financially drained. However, with careful planning and qualified advisors, you may be able to control the outcome of your divorce.

What if my divorce settlement isn't as good as my best friend's?

You and your best friend have a tradition: at the beginning of every season, you go shopping together to get that one trendy clothes item everyone wants to have. But you never, ever pay full price. Afterward, you go for coffee and celebrate the good deal you got. It's a game to see how much you can save.

But this year, it's slightly different. You're both newly divorced. You have a little less financial flexibility than you had before, so you're looking for a screaming good deal. You probably won't get anything, actually, unless it's over 50-percent discounted. She, however, takes out her wallet and buys the item (and a few more) at the first store you visit. She's a little self-conscious about it and mumbles something about having plenty of money now that her divorce is final. Suddenly, you find yourself with a bad case of envy. 

Avoid co-parenting conflicts by following these tips

The marriage has ended, but you must still interact with your ex when raising children together. Co-parenting can be the cause for major conflict after divorce, but remember that every fight over your kids adds to your children's suffering. Learn how to avoid co-parenting conflict with these tips.

Follow the golden rule

Be kind to your ex, even if you are still coping with the pain of divorce. Try to remember that you'll see him or her when your children graduate from high school or college, get married, or have kids of their own. If things get ugly, these future occasions can be emotionally fraught for all. When you can be civil and nice to each other, everyone benefits.

How social media can impact your divorce

A majority of people on this planet are active on social media. Specifically, according to Pew Research Center, 74 percent of the adults that are online are engaged on social networking sites. So, it's not surprising that social media posts are now being used by divorce attorneys in court cases.

Can your social media profiles be used against you in court? Yes, your photos, posts and other online information are admissible in court. While it might bring momentary relief to vent on Twitter, Facebook, or Instagram, it's a bad strategy. Here is how social media can impact your divorce and some tips to avoid those pitfalls.

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