Whether it happens 50 days or 50 years in, divorce can happen for a variety of reasons. Divorces which take place within the first year of a marriage can raise eyebrows, but there are many behind-the-scenes reasons that these breakups could make sense for the parties involved. There may be fewer legal considerations when ending a young marriage, though shared property or children must still be considered under Michigan family law.
Couples getting married at any stage in life should think about long term plans and property ownership. However, those getting married later in life may have more assets and be in the thick of estate planning, giving them more to consider when tying the knot. Here are some of the unique family law issues that older engaged couples in Michigan should keep in mind when planning for a happy and financially healthy future together.
Conflict at home can often have an influence on many aspects of a child's life. For this reason, it is a good idea for Michigan teachers and administrators to have an understanding of how family law conflicts can affect the children involved and how to keep students safe during a custody dispute. A thorough visitor management process and staff trained in child custody paperwork are good methods to keep children safe in these cases.
Breakups involving infidelity often involve a great deal of emotion and hostility. This can show itself in many ways, including when it comes time to establish custody and child support agreements. Many Michigan couples facing these disputes may wonder whether infidelity is relevant in family law proceedings related to shared children.
What to do with the marital home and where to live after a divorce is one of the biggest challenges people face when ending a marriage. While state family law can settle particularly contentious property distribution issues for Michigan couples, many look to alternative arrangements in the interim of a final resolution. Keeping the marital home for the kids and rotating the parent who lives there is becoming an increasingly popular option, particularly for wealthy divorcees.
At the start of the marriage, most Michigan couples assume that they will live happily ever after. However, as these same couples raise their families and spend their time planning for their future retirement, they begin to realize that their version of happily ever after may not include a future with their current spouse. As couples approach retirement age, the decisions to divorce can have a lasting impact on their financial future. With this in mind, consulting with an experienced family law attorney is often in the individual's best interest.
Prenuptial agreements, or prenups, have traditionally received the most attention among the rich and famous. However, people of a wide range of backgrounds and walks of life in Michigan and elsewhere use these agreements today. The reason for this is that these agreements can offer valuable financial protection for those going through the family law proceeding of divorce.
Maintaining a good credit score is of utmost concern to many Michigan residents and others around the country. Unfortunately, when couples go through a divorce, those scores could fall as a result of various financial factors. Family law experts recommend ways to keep a strong credit rating even though one's marriage may be coming to an end.
When a couple in Michigan or elsewhere around the country get a divorce, the issue of alimony or spousal support is likely to be addressed. For the past 75 years, alimony was taxed a certain way for the payer and the recipient. However, the new tax law that was approved late last year changes how alimony will be taxed. Family law experts predict that these changes will affect how divorces will be handled during the remainder of 2018.
When a couple in Michigan or elsewhere around the country decide to get a divorce, there is always much discussion around finances. Family law experts believe that those financial discussions become even more complicated when the couple is older. In fact, further complexities arise if one or both of the ex-spouses decides to remarry. Advisers recommend several steps to protect one's financial situation, whether a person is currently married, planning to be married or going through a divorce.