One of the happiest and most momentous occasions in a person’s life is to commit themselves to another individual with the intention of forever. When two people marry, the goal is to stay together indefinitely, but not everyone’s love story is a fairy tale. By age 50, over 90% of couples in western culture will marry but in the United States, up to 50% will divorce. There can be multiple reasons that account for a loving couple to experience strife that leads to the dismantling of their union. Financial problems top the list of most common factors leading to divorce.

Knowing the high prevalence and destruction that these issues cause a couple ready to marry, what can be done proactively to reduce the risk of financial pitfalls? One way to keep a relationship strong is to limit potential arguments over finances.

Key Tips to Minimize Financial Issues

• Debt: The majority of people own their own amount of debt and when combining together as one, that debt burden is magnified as both parties debt burdens are combined. The debt which is added up plus the accumulation of additional debt together as a couple, such as adding a mortgage for a new home, make for staggeringly high numbers.
• Savings: Constructing a budget together that maps out a pathway to pay off debt and accumulate savings is essential to a strong foundation.
• Retirement: Nobody is too young to start planning for their financial well-being in the future and the sooner you start, the better off you will be. Even the tiniest bit each month can add up and grow into large returns in the future for which you will be thankful.

Prenuptial Agreements In Indiana

Premarital agreements are legal contracts that define who holds what responsibilities for specific assets and debts in the event that the marriage fails. In the state of Indiana, the Uniform Premarital Agreement Act is a law that confirms marriage defines the beginning of a properly executed agreement between two parties legally combining as one. The agreement must be signed by each person and be put in writing. The terms of spousal support can be included but may not necessarily be enforceable in certain circumstances.

Indiana Divorce Attorneys 

The last thing any couple wants to discuss or contemplate is possible divorce. There are ways married couples in distress can come together and try to resolve their issues and keep their marriages together. Even still, the most devoted couples can grow apart and face divorce. If you are in the midst of a divorce you need a qualified and aggressive Indiana divorce attorney to represent your best interests. 

Christopher L. Arrington, P.C. Can answer your questions about the divorce process and make the experience as smooth as possible so you can overcome it and move forward. As a highly experienced Danville divorce attorney, I am here to help provide you options that will meet your expected end goals after a separation. Call me today at my Danville divorce law office at 317-745-4494 and together we can discuss your divorce case.