There are countless reasons why a couple might choose to part ways – from infidelity to a lack of communication. However, the most common cause of divorce is financial disagreements.
More than 90 percent of people get married before age 50, but nearly half of them get divorced, according to research by the American Psychological Association. This explains why more than 800,000 U.S. marriages ended in 2014, according to statistics from the Centers for Disease Control and Prevention.
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Money is a primary factor behind many common insecurities – and in a marriage, financial issues can cause anxiety and even mistrust between spouses. At least one study found that the higher a couple’s income, whether joint or separate, the greater their chances of getting divorced.
Are you concerned about the future of your marriage, and perhaps considering divorce? Contact a Brooklyn family lawyer from the Elliot Green Law Offices. Mr. Green is an experienced divorce attorney who will protect your personal and financial interests.
Call 718-260-8668 to schedule a free consultation. You can also visit USAttorneys.com to learn more about divorce laws and proceedings in New York.
How a Postnuptial Agreement Can Help Your Marriage – and How to Get It Right
We all have our own approaches to spending and saving our hard-earned cash, so when two people try to manage one account, disagreements are bound to happen. This is why an experienced family lawyer will encourage you to draw up a prenuptial agreement before saying your vows – to protect your financial interests.
Many couples imagine that money won’t be an issue down the line. Some think they don’t earn enough to warrant a prenuptial agreement; others bring in so much income that it seems impossible that a financial dispute would arise.
Anyone who has ever been married knows that arguments just have a way of happening. There are few disagreements more frustrating than those related financial management. Maybe you think your spouse does not appreciate the way you prefer to save money, or you might feel that you do not have the freedom to invest the way you want.
A postnuptial agreement can help both of you get on the same page. The document is designed to help couples understand each other’s ideas of how to manage their joint assets.
If you are thinking about having a postnup drawn up, start by answering these eight questions:
- Do you own any property, either jointly or as individuals?
- Who has been responsible for debt repayments?
- Are both of your earnings contributing to the family’s wellbeing?
- Do either you or your spouse play a role in the other’s career?
- Do you differ on your ideas of future financial priorities?
- Are either of you responsible for spousal maintenance or child support?
- What will happen if one of you becomes too ill to work?
- Have you drawn up a will, or planned the future of your estate?
If you would like to discuss the logistics of drawing up a postnuptial agreement, contact a Brooklyn divorce attorney from the Elliot Green Law Offices. Our legal team is available 24 hours a day, and we can help you avoid mistakes that could compromise your interests. Call 718-260-8668 today to schedule a free initial consultation.