The truth is that no divorce involves two people who completely see eye to eye. All couples who are getting divorced are doing so for a reason, and that usually means that they have grown out of love and become alienated from one another. While arguments and frustration are almost guaranteed to happen from time to time, pursuing an amicable divorce is a great thing to strive for.
When a couple goes through a divorce, all of their marital assets need to be divided between spouses. Marital assets are counted as any property that is acquired during the marriage by either spouse, with the exception of gifts, inheritances and damages awarded by lawsuits.
The process of divorce is a serious issue, and it's not a decision that you can or should take lightly. To prevent people from making the rash decision to go through a divorce without thinking things through, you must give a good reason why divorce is necessary.
Going through a divorce is always going to be a stressful and heartbreaking event. But dealing with an additional stressor such as pregnancy can make the entire situation much more difficult to handle.
Divorce rates are not the same for all age groups, which is one reason why applying the common "50% of marriages fail" rate to all Americans is misleading. You have to break it down by age group to really see what the divorce odds look like for any specific couple. When you do, there are a few interesting observations you can make.
Is your career a marriage killer? What about your spouse's career?
If your divorce was final last year or is still in process, your attorney likely has told you about the tax changes regarding alimony that were implemented with the 2017 Tax Cuts and Jobs Act (TCJA) passed by Congress and signed by President Trump.
If you and your spouse have recently parted ways, it may be difficult for you to contemplate ever having a civil relationship again. Right now, you may feel that it is impossible to even have a normal conversation with your ex without it turning into a fight. While some people don't feel the need to speak to their ex going forward, others see it as necessary for getting through the divorce proceedings and for co-parenting their children in years to come.
One of the most complex processes in a divorce proceeding is the asset division process. Splitting marital assets tends to be particularly complex between high asset spouses, spouses who are struggling to maintain a collaborative relationship, and spouses who have been married for many years.
There is no doubt that couples who decide to divorce in Montana will be faced with difficult challenges as they embark on the process to rebuild their lives as independent individuals. Depending on how long a couple has been married, the types of assets they share and the reason their relationship is ending, their path to moving on could vary significantly. For couples who are nearing retirement or who have already retired, divorce can wreak havoc on their financial future and should be carefully navigated to prevent costly mistakes.