WN Law PLLC

October 2018 Archives

Wealthy couples may be more likely to split

It's well known that money can be a major source of marital problems for couples in Michigan. Financial stresses and differences over spending and saving practices can lead to serious arguments and even divorce. A survey of 2,000 adults by SunTrust Bank indicated that money was the leading cause of stress in a personal or romantic relationship. However, while financial stress may weigh most heavily on lower-income couples, studies show that divorce is actually more common among wealthier families.

Using prenuptial and postnuptial agreements

The future can be unpredictable. Michigan couples who want to get married or who are already married should consider making plans for possible situations that may occur in the future. For couples who are currently unmarried, this entails completing a prenuptial agreement. Couples who are already married should discuss a postnuptial agreement.

Retirement after a later-in-life divorce

Divorce is on the rise among older Americans in Grand Rapids and across the country. While the rate of divorce for younger Americans and the population, on the whole, has been on the decline or remained steady, the opposite has held true for people age 50 and up. In fact, since 1990, their divorce rate has doubled, and the trend shows no sign of stopping. People who are remarried or who have only been married for a few years are more likely to divorce, as is the case for younger couples as well. However, many "gray divorces" also take place among people who have been married for decades.

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WN Law PLLC
29 Pearl Street, Suite 421
Grand Rapids, MI 49503

Phone: 616-426-9491
Fax: 616-531-1010
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