When a couple chooses to end a marriage late in life, certain aspects of the process may have an effect on retirement. The divorce rate in couples at this stage has increased significantly over recent years. For an individual who is facing a similar circumstance in Alabama, division of property and assets will likely have an impact on his or her financial future. Careful consideration of everything involved may prove beneficial to the outcome of such a difficult situation.
When two people decide to marry, change is inevitable. Merging of property and assets may be the default choice of many couples, but others may take a slightly different approach. Couples in Alabama who wish to retain specific assets in the event of divorce, or provide for their distribution in the event of death, may choose to implement a prenuptial agreement. These agreements must be handled properly, and seeking legal counsel during the process is often advisable.