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Indianapolis Family Law Blog

If you don't have $5 million, prepare for a contentious divorce

As you file for divorce, you ask yourself whether it's going to be amicable or contentious. You just do not know how your spouse is going to react. Are you going to fight over your assets in court for months on end, or are you going to split things up quickly and go your separate ways?

One thing that plays a massive role is exactly how much money you have or at least what your assets are worth. Studies have discovered that having over $1 million but less than $5 million increases the odds that the divorce will become contentious, while higher totals -- over $5 million -- mean that an amicable split is more likely.

A better economy means more divorces

People often look at money as a cause for divorce, specifically when the couple does not have enough. Running into financial issues like not being able to pay the rent and living from one paycheck to the next puts a lot of stress on a marriage.

You can find plenty of examples of couples who ended their marriages because of financial stress. That is not to say that a better economy, with more money to go around, means that couples will settle in for a happy life together. In fact, studies have found that economic growth actually leads to an increase in the amount of divorces.

What your relocation notice must contain

Relocating can be difficult after divorce. You do not have as much freedom as you once did if there are children involved and you share custody with your ex. You now have to think about your ex's custody rights and ability to see the kids.

In a very real sense, moving out in Indiana -- or even to another city within the same state -- can make it impossible for your ex to visit the kids or have them live at his or her house. You need to ask the court for permission to make this type of move. To start the process, you have to send your ex and the court a notice that contains:

  • The reasons that you want to make the move, such as going back to school or getting a new job
  • The date on which you would like to relocate
  • Your updated contact information if you do end up moving
  • A proposal that outlines how you and your ex can still stay involved with the kids after the move

When your business assets affect your divorce

When corporate titans divorce their spouses, the fallout can be far-reaching and splayed out in the news media. One only has to look at the situation with Jeff Bezos -- founder of Amazon and the owner of The Washington Post -- and his wife, Mackenzie.

Recent tabloid revelations of Bezos' extramarital affair with a former co-host of Good Day L.A. preceded the couple's announcement that they were divorcing after 25 years of marriage and two children. Despite their civil, low-key approach, with as much as $137 billion at stake, their divorce will be a complex undertaking.

Why do married couples use post-nuptial agreements?

Prenuptial agreements, as the name implies, happen before you get married. In fact, that's one of the key points when you draft one: It has to happen long enough before the wedding that it doesn't look like either party signed it in a rush or under duress.

However, couples also use post-nuptial agreements. These are very similar in nature, but they're drafted by couples who are already married. Why would they want to do this?

4 reasons that child support ends

If you are ordered to pay child support in your divorce, your first question may very well be how long you need to pay it. Is this something you have to work through for the next year, for the next decade or forever? You have to know what type of financial impact you're looking at.

With that in mind, let's take a look at four reasons that child support ends. You'll likely need to pay up until this point.

The real risk of parental child abduction: What you should know

Many parents worry about the risks of a kidnapping and may refuse to let their children play outside on their own in order to keep an eye on them. While caution is always wise, it is important to note that parental child abduction is more common than random kidnappings and that the greatest risks come from relatives and parents.

For instance, according to reports from the National Center for Missing and Exploited Children (NCMEC), there are roughly 200,000 family kidnappings annually. Experts claim that these types of abductions by family members are a top reason for missing child reports.

10 things parents say they needed to know before adopting

Adopting a child is an incredibly large step in your life, something that is going to change your life forever. You'll learn a lot along the way.

That said, doing some research in advance can help make the transition go smoothly. Here are a few things that parents say they learned during the process:

  1. Loss is part of that process, no matter how well it goes.
  2. It is very expensive, and it's important to set aside ample money in advance.
  3. If your adopted children do not look like you, people are going to ask -- even strangers.
  4. Support from friends and family members is crucial.
  5. This support is especially important when you bring the child home for the first time.
  6. It's important to respect and honor your child's heritage and background, especially if it is not the same as your own.
  7. It's a long-term commitment. Make sure you take the time to really think about what this means in your life before adopting.
  8. You need to get as much information as you can about the child's medical history since it is not the same as your own.
  9. Children will eventually become curious about their birth parents.
  10. Many people, even those who are close to you, do not fully understand the effort and emotion that goes into adoption.

Should you ask your children where they want to live?

You and your ex get shared custody in the divorce. You sit down to decide where the children should live and what schedule you should use.

As you talk it out, though, you can't help but feel like one important factor is missing. What do the children actually want? Should you ask them where they want to live?

How can you keep your business out of your divorce?

It can be frightening to go through a divorce as a business owner. You worry that you could lose your business or the assets you need to make it run.

The best thing you can do to protect your business is to have a prenuptial agreement in place before you get married or get a postnuptial agreement after you get married. These agreements give you a chance to ask your spouse to legally say that the business assets go to you alone in a divorce. You can split up what you own as a couple, but not the company.