A properly executed prenuptial agreement can be equated to a good insurance policy. The hope is never to have to use it, but if the time comes and the situation arises and it's needed, it can be very useful in saving significant time and money. Traditionally, many Alabama residents contemplating tying the knot would take offense if their intended spouse even hinted that a prenup should be considered, but more and more people are realizing it can be beneficial to both parties to at least have a conversation about financial expectations and whether a prenup is a necessary component of the marriage.
Dividing retirement and other assets in divorce
Going through a divorce is one of the most stressful and anxiety-producing events that a person can experience. It can cause stress mentally, emotionally and financially. The financial stress, though, is among the most readily reduced as the parties can gain piece of mind through preparation and understanding. People in Alabama can reduce the amount of financial stress associated with divorce by understanding how retirement assets are likely to be divided and by planning for the required changes.
