Your divorce will impact your life in many ways. One of the biggest concerns for many spouses involves how property will be divided once the divorce has been finalized. Property division is complex, but it doesn't have to be.
Your pension plan and other retirement assets play a big role in helping you achieve your goals for the future. The thought of divorce may have never crossed your mind but now it is wreaking havoc on your dreams of a peaceful and luxurious retirement.
A prenuptial or postnuptial agreement is a great way to protect assets in the event of a divorce. Most individuals can benefit from having some type of agreement when entering into a marriage, especially those who have businesses, significant assets or children from a previous relationship.
Once you enter into a marriage, your life can feel almost entirely co-mingled with your spouse. If you bring assets into the marriage or have a significant inheritance, it is a smart idea to consider having a prenuptial agreement or inquire about asset protection strategies in the event of a divorce.