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Why you should avoid including a lifestyle clause in your prenuptial agreement
Prior to the wedding, many couples decide to draft a prenuptial agreement to better clarify the assets and debts that each party is individually bringing into the marriage. The document is designed to be used as a tool to prevent future disagreements. Unfortunately, while this marital contract is supposed to focus solely on financial matters, many couples attempt to over-reach the intended focus of a prenuptial agreement.
One common trend is for couples to include factors that can be listed under a category header such as "lifestyle." These various lifestyle choices can include:
- Chores: Whether it is an attempt at humor or they are creating a realistic schedule, such as dishes, laundry, cooking, shopping or cleaning.
- Weight loss/weight gain: It is not uncommon for bodies to change as we get older. A marriage that lasts years or decades will likely see each party change. Attempting to include limits on weight loss or weight gain in a pre-marital contract goes beyond the intended scope of the agreement.
Keeping custody exchanges short can make them less stressful for everyone
If you've started to dread those times during the week when you and your co-parent drop off or pick up your child at each other's home or elsewhere, you're not alone. These custody exchanges can be fraught with tension and even conflict -- particularly in the early days of separation or divorce.
The problem is often that one or both parents use this time to deal with other issues. It can be anything from a late child support payment to a photo on Instagram - and everything in-between.
If you're dreading these exchanges, chances are that your child is as well. That's why it's important to make these exchanges solely about your child, and specifically about immediate "need-to-know" matters. Settle other issues at another time, out of earshot of your child.
The "two-minute exchange"
If you and your co-parent still aren't at a place in your relationship where you can even exchange basic information about your child without someone being offended or getting angry, one family therapist recommends what she calls the "two-minute exchange." She points out that, with a little planning, an efficient custody exchange can be done in this period.
What documents do you need when you meet with your divorce attorney?
Whether you're initiating a divorce proceeding or responding to your spouse's petition for divorce, you know that you need to speak with an attorney as soon as possible — but good preparation can be essential.
It's smart to head to your attorney with as many relevant documents as you can so that your attorney has a good idea of what your finances look like and the topics that will be most important to address during your divorce.
What kinds of documents should you take to your attorney?
Initially, it may be hard to tell what your attorney may need to see, so it's best to take a broad approach. You should such as:
- Your financial records, including banking account records, 401(k) documents and tax returns for the last few years
- If abuse or domestic violence is a factor, copies of emails, videos, police reports and other documents that support your claims
- Any Prenuptial or post-nuptial agreements you and your spouse may have signed
Think cohabitation increases the odd of a divorce? Not anymore.
Cohabitation before marriage is often viewed in two ways. On one side, couples say that it can lower their odds of divorce: If the cohabitation goes poorly, the couple knows they should not get married. On the other side, there are those who claim that living together before marriage just makes divorce more likely.
It's not that either side is necessarily wrong. They're just not talking about the same time in American history. It is true that cohabitation used to be tied to greater divorce odds, but that is no longer the case.
So what changed?
Wondering how this could have changed? The issue is with cultural norms. Sociology professor Arielle Kuperberg noted that social norms in the 1950s through the 1970s largely stood against couples living together before marriage. They also stood against married couples getting divorced.
Is your prenup going to withstand a challenge?
Having a prenuptial agreement should give you some sense of security as you head toward divorce. That agreement already defines a lot of the terms of the divorce. It may state how assets should be divided, which assets count as separate property and things of this nature.
Done properly, it can really reduce the number of considerations you have.
Reasons for invalid prenups
That said, your prenup actually has to be valid for it to stand up in court and impact your case in the ways noted above. Here are it may not be valid that you should consider:
- Either one of you did not bother to read the prenup before signing and therefore signed something you didn't understand.
- One of you felt pressure to sign and made a decision based on that pressure, not on what you wanted.
- One of you was tricked into signing it, perhaps by being told it was a different sort of document.
- The prenup was created and signed too close to the wedding, meaning neither of you had enough time to think about it and make a rational decision.
Did you know that graduation time and divorce season often coincide with one another?
Many seniors are in the home stretch, just a few short weeks away from graduating high school. Sadly, many spouses are beginning to plot their divorces at this same time. You read that right.
There's been a staggering uptick in divorce filings around graduation time in recent years.
What's the connection between divorce and graduation?
Many couples seem more connected than ever as they attend their kids' graduations only to file for divorce weeks later. You may be wondering what causes this sudden demise of their relationship.
The truth is that it's not really as sudden of an end as it seems. Many spouses have long been unhappy by the time they file for divorce, yet they simply put on a happy face and tolerated things so as not to disrupt their kids' lives. Many parents start to see how their kids become less reliant on them post-graduation and take advantage of that shift to begin focusing on what makes them happy again. This reflection often includes divorcing the spouse they grew distant from a long time ago.
Will I have to share my inheritance with my spouse when we divorce?
If you have recently received an inheritance - or soon will - and a divorce is imminent, you could be concerned. Will the divorce court take half of your inheritance and give it to your soon-to-be ex-spouse? Will the divorce court subtract the value of your inheritance from your share of the marital assets?
In order to answer these questions, it's important to understand the difference between marital property and individual property.
Marital and individual property
Generally speaking, individual property is anything you had before you got married, while is assets that you acquired during your marriage. There are several exceptions to this, however.
For example, if you have something that is individual property, but you use it consistently together as a couple, it might become marital property (such as if you own a house that your spouse moves into with you after marriage).
Usually, divorce courts will let both spouses keep their respective individual property and will only divide marital property equitably.
Why you need your own financial professionals when you divorce
If your divorce involves considerable and/or complicated assets, you can benefit from adding a financial professional and perhaps a tax adviser or accountant to your team. That's particularly true if your spouse has been the one who handled the finances, investments and taxes in your marriage.
You may be considering going with the people who have handled your and your spouse's money -- especially if it's an amicable divorce. That's almost never a good idea. Let's look at why that is.
Breaking up can be hard to do
Now that you're breaking up with your spouse, you need to break up with your financial professionals. If you barely knew them, that should be easy. If you know them socially as well as professionally or your kids go to school together, it can be a little more difficult. However, you have to do what's best for you.
How will divorce affect my finances?
If your partner spends more than you would like, divorce gives you a way to regain control of your finances. 39% of those in a recent survey said financial issues had played a role in the breakup of their marriage. There are often many valid financial reasons to consider divorce. It frees you from having to worry about what they spend. However, it can also bring additional costs you might not have considered.
Divorce can hurt your finances in the short term
The survey found that 43% of people left their marriage with at least $5,000 of debt. Many left with considerably more. Here are some things you should do:
- Divide your debts: You will need to split most debts incurred during the marriage. Your spouse may deny that debt was their doing, regardless of any informal arrangement you had that they would pay it back. This could leave you owing more than you hoped. You may be able to challenge certain debts.
Cellphone usage can indicate cheating
Cellphones are a ubiquitous accessory for nearly everyone over the age of 11 or 12. They are so common that we typically don't give them much of a thought.
However, maybe we should: After all, the way your partner acts about and while on their cellphone could potentially be a sign of adultery.
How does your spouse interact with their cellphone?
Some people are naturally private, and there is nothing inherently wrong with maintaining cellphone privacy from one's spouse. After all, we are all entitled to have platonic relationships with our friends without approval or interference from a spouse. So, it is not necessarily a sign that your spouse might be cheating if they always lock their cellphone and keep the PIN private.
Something might be afoot, however, if your normally cellphone-transparent spouse starts behaving differently when they interact with their phone.
What behavior may be suspicious?
Not all scenarios may resonate with you. But below are some possible red flags that your spouse's cellphone use might point to an affair:


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