Money manager

The emotional investment you place in marriage usually doesn,t end when you call it quits.During and after divorce,feelings can range from anger to relief.But when that investment ultimately get reduced to a financial one in your lawyers office,you could also feel overwhelmed-and you might agree to concessions you,ll later regret:According to estimates by the American academy my of Matrimonial Lawyers,women experience a 15 to 30 percent decline in living standard after divorce,while men experience a 10 to 15 percent rise.
One way to deal with possible future financial disagreements-though it obviously drains a bit of romance from the wedding-is with a prenuptial agreement.Prenups are most common with couples entering at least a second marriage,or when or both spouses are extremely wealthy;but if you expect a large inheritance in the future or there are children from a previous relationship,it my also be a good option.Laws vary from state of state,but there are some basic guidelines to follow before signing anything.First of all,make sure you both disclose all of your assets,liabilities,and income.And each person should be represented by her his own lawyer.If both of you use the same attorney, make sure the prenups has a clear waiver indicating that you waived your right to independent counsel.
When it comes to divorce,financial and legal outcomes can very based on the length-and-wealth-of your couple hood.Here,three different types of divorce,and what you need to know in each case.