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Monthly Archives: October 2012

Consider Legal Papers If Cohabitating

More and more heterosexual couples are cohabitating and delaying marrying or deciding against walking down the aisle altogether to be legally wed.

While that works for many, skipping the "I dos" can create more hassles in the event of a break up if financial ground rules were not laid out ahead of time. 

According to the U.S. Census, the number of unwed married couples jumped to 7.5 million opposite-sex couples percent in the past decade. While some of that is attributed to economic difficulties, many are a shift in society's view of relationships. 

An article on Foxbusiness.com discusses what unwed couples need to do financially to protect themselves and advises such a relationship needs to be thought of as a business relationship. 

The author interviews an expert who discusses what specific aspects should be discussed and kept separate, including keeping property like your vehicle in your name and keeping financial accounts, loans and credit cards separate.  

Since there is not a specific legal framework for cohabitating couples to divide assets should the relationship break up, it may be wise to discuss specific financial aspects with a family attorney and set legal groundwork that would clarify asset division should the relationship break up. 

If you are interested in setting up financial arrangements for a serious relationship, contact our office today. 

Divorces Increase Among Older Couples

In the United States 45 percent of all marriages end in divorce, but recently researchers found the divorce rate among those who have spent decades together is quickly growing. 

According to a new study released a few months ago by sociologists at Bowling Green State University, the overall divorce rate has been slowly decreasing, but the divorce rate among those 50 and older, nicknamed "gray divorces" has more than doubled in the past 20 years. 

Researchers used data from 1990 U.S. Vital Statistics Report and the 2010 American Community Survey to study the divorce rate over time. They found that about 25 percent of the divorces in 2010 occurred in people who were 50 years old and older. Many of these were in those who had a second marriage and analysts found the divorce rate among those who had previously divorced was 2.5 times higher for those who remarried. 

An AARP study in 2004 found 66 percent of divorces among people aged 40 to 69 were initiated by women and that infidelity wasn't usually the main reason for divorce. 

One reasoning is that divorce no longer carries the social stigma it used to and many women can independently support themselves so they may find themselves unhappy as their kids grow up and leave the house. 

If you are considering a divorce, it is important to discuss your options with a St. Louis family attorney who is experienced in handling divorce proceedings. Call today for a free, initial consultation.

http://psychsocgerontology.oxfordjournals.org/content/67/6/731.full

Contact Us

Jeffrey A. Heater
Attorney at Law

5205 Hampton Ave.
St. Louis, MO 63109

Phone: (314) 541-7421

Fax: (314) 932-7672

jeff@heaterlaw.com

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