Same-sex couples may encounter additional and unique difficulties during divorce. Same-sex marriage was legalized in 2015 and before that some states allowed for domestic partnerships. In such cases, it may be necessary to dissolve the domestic partnership in addition to the legal marriage. If a couple lived monogamously prior to the legal marriage, there is a question as to whether that period will be considered for alimony determination. Finally, the parental rights to children must be determined. Same-sex couples may be best served by alternate means of marriage dissolution, i.e. mediation and collaboration, and the help of a divorce financial specialist. For further information, read this article.
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Advice for Boomer Same-Sex Couples Facing Divorce
Divorce and Money: Common Pitfalls to Avoid
There are several financial issues that should be carefully considered during divorce. For example, workplace retirement accounts like 401(k)s and pensions must be divided pursuant to a qualified domestic relations order (QDRO). Also, student loans taken out before marriage and then repaid with marital funds may provide an opportunity to claim a credit when negotiating an equitable distribution of marital assets. This article lists some other important issues.
11 Signs Of A Toxic Partner, According To Divorce Lawyers
If you are in the process of divorce, you may look back at your relationship to see if there were any warning signs early on that it may not work. Sometimes friends and family can see potential issues more objectively, but we ignore their concerns. But now that you are making big changes in your life, it may be a good time to review the relationship red flags in this article that may lead to a disastrous new relationship.
How Advisers Can Help Same-Sex Couples Navigate Legacy Issues
Same-sex marriage is now legal in the US and in many other countries. However, before marriage was legal, same-sex couples may have registered as domestic partnerships in their states. If such couples divorce, they may still be legally bound with respect to debts and estates. Couples should check with their state whether they need to dissolve the domestic partnership now that they are married. In addition, to ensure access to children of the relationship, it is recommended that the non-biological parent pursue a second-parent adoption. Read this article for more information.
Why You Shouldn’t Date Someone Who’s Bad With Money
When you start dating someone new, do you pay attention to their financial practices? It turns out that poor financial management abilities can be very detrimental to a successful relationship. Try to learn about your partner’s money management philosophy and skills to make an informed decision about your future as a couple. Read more in this article.