Marriage is a lifetime commitment for some couples. You work every day to make your marriage work through the best and worst times of your life. However, some marriages aren’t meant for a lifetime – no matter how much work you put into them.
Sometimes couples who would otherwise be ready for divorce hesitate because they fear the expense. While it is true that the process of divorce can create financial uncertainty, there are certain steps that couples can take to help ensure they save as much money as possible in the process.
There was a time when a call from a teacher or principal represented something that kids feared. For many men who are now divorced fathers, a ringing phone from their child’s school would be a welcome sound.
Given the emotion that goes into a divorce in Hot Springs, one may easily anticipate tempers flaring over many of the aspects related to property division. You might not think that the date that your marital assets are valued is important, so long as they are valued at all. Yet as surprising as it may seem, the valuation date in a divorce case can become a hot-button issue (especially when there are a considerable amount of assets subject to appreciation and depreciation).
The decision to get a divorce in Hot Springs touches off a flurry of activity that must occur before a marriage is officially dissolved. Among the most complex processes (and potentially most contentious) is the division of marital property. Many often overlook the fact that contributions made to a retirement account (such as a employer-sponsored 401k) during a marriage are also listed amongst a couple's shared assets (if an employer matched an employee's contributions, those funds are considered marital assets, as well). Divorcing spouses have options when dividing up 401k funds, so research should be done to determine which would be most advantageous.