When someone you care about is going through a divorce it's only natural to want to help. However, people often say or do the wrong thing either because they have a misguided notion about what is actually helpful.
Carefully look at your assets before marriage
Before getting married, it's wise to take a long hard look at your assets and the assets of your prospective spouse, according to some who have been through both marriage and divorce. That way, if you want to protect yourself financially, you can consider a prenup.
Millennials and divorce
Millennials are getting more life experience before settling down to get married. The Centers for Disease Control and Prevention and the National Center for Family and Marriage Research have some interesting statistics for married couples, including the following:
Alimony considerations for stay-at-home moms
When it comes to a divorce, it can be particularly difficult for a stay-at-home mom. This is because many moms who have long stayed home with their kids have had little time to think about building the necessary experience and skills to re-enter the workforce if they ultimately have to. They've thought even less about building up a nest egg to support themselves should an inevitable divorce occur as well.
Why prenups are being sought out by more millennials and women
Prenups are on the rise among those ages 18 to 35. According to the American Academy of Matrimonial Lawyers, more than half of all United States family law attorneys have seen an increase in prenups over the last three years than ever before. And, when it comes to millennials, attorneys polled report having seen an increase in those clients requesting prenups from its previous 5-percent to the 25-percent that it is today.
