Getting a divorce is a big deal, so before you take that step, it's a good idea to decide if it's the right choice. Reconsider the option, because the last thing you want is to go through a divorce only to regret your decision.
Is a prenuptial agreement going to threaten a marriage?
Many people believe that prenuptial agreements are bad because they make it seem like you don't trust your spouse. The truth is that a prenuptial agreement could make someone feel that way, but that's not what it's intended for. Prenuptial agreements have a place, especially in relationships where one person has more money or greater assets than the other.
Here's what you need in your settlement agreement
You are likely dividing up your assets if you're going through a divorce. Not only that, but you're also dividing up your debts. Your settlement agreement will be legally binding, so it's important to get it right the first time.
Paying taxes: Alimony and how it affects your taxes
If you pay alimony, one thing you have to consider is the impact it will have on your taxes. Alimony is treated as a type of income. Since you're the one who will have to pay alimony, your ex-spouse needs to pay taxes on that income.
