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Considering business debt in a divorce situation in Missouri

An entrepreneur whose marriage is hanging by a thread will likely want to safeguard his or her business in case of a marital split. Business people in Missouri who are heading for divorce may also be carrying some business debt and might need to understand how that debt figures into the divorce process. It could prove to be a contentious issue if not handled properly.

Missouri spouses often cite these reasons for divorce

If you were to take a survey of every married couple in Missouri, you'd be hard-pressed to find one who says they have never encountered challenges in their relationship. No two marriages are exactly the same. Any number of issues can cause a strain in your relationship, from financial issues to child-related matters or issues that are more intimate between you and your partner.

Becoming a long distance parent after a divorce

In some instances, when a couple's marriage ends, one person might move away to make a new go of it. When this type of situation happens after divorce and there are children involved, it can be extremely difficult. But there are ways Missouri parents can make a go of long distance parenting. This is especially true in this technological age where staying in touch is easier than even a few decades ago.

Making changes to life insurance during the divorce process

There are certain things and documents that are likely to be affected when a couple make the decision to end their marriage. With so many issues on the table during a divorce situation, some Missouri couples might forget about any life insurance policies that are certain to need tweaking as a couple moves through the divorce process. This needs to be taken care of, especially if minor children are a part of the picture.

Should I settle my divorce in or out of court?

No one likes to be embroiled in unpleasant situations. There are times, however, when Missouri couples in the throes of divorce can't seem to come to a consensus on various issues and have to make the decision whether to keep trying to settle those matters or head to court to have a judge decide. There are definitely some options to weigh.

Financial planning is crucial during the divorce process

The financial ramifications of ending a marriage might be hefty for many individuals. It's crucial for each spouse to embark on some financial planning upon deciding to divorce. This is especially prudent if divorce for Missouri couples comes later in life. Some things to keep in mind regarding finances going through the divorce process are determining what's important to each person.

More women are initiating divorce than men

A couple doesn't come to the decision to part ways easily. Statistics show, however, that more women than men initiate divorce proceedings. Missouri couples going through divorce may face number of challenges, including emotional and physical exhaustion, so why are some women willing to put themselves and their partners through such significant life-changing events?

Divorce is no reason to feel ashamed or stigmatized

When people marry, they intend for it to last forever. Of course, that's not always the case and some Missouri couples may find themselves in the throes of divorce somewhere down the road. Unlike decades ago, when many people spoke about divorce in hushed tones, the stigma has eased today and there is no reason people should be ashamed when their marriages end in divorce. In fact, although not usually a cause for celebration, a divorce can be viewed as getting a new lease on life.

Keeping the family home not always best solution after divorce

When a marriage comes to an end, many individuals in Missouri and elsewhere around the nation think that keeping the family home is an ultimate goal in a settlement agreement. However, financial advisors warn that maintaining that home may not always be the wisest strategy following a divorce. They offer several important options to consider when determining how best to proceed with division of assets.

Statistics show that "gray divorce" is on the rise

For many Missouri couples and others across the country, staying married into their golden years doesn't always end in wedded bliss. In fact, the rate of couples over the age of 50 getting a divorce has doubled in recent years. The term "gray divorce" has been coined to reflect this growing trend in our nation. Although divorce can be difficult at any age, researchers have offered some suggestions for those who are experiencing it in their golden years.

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