Positioning yourself to protect valuable financial assets from divorce, even before a marriage has taken place, is a wise decision. Although such a strategy may appear harsh and unromantic, take a moment to consider these statistics. In 2012 the United States ranked sixth among the top ten countries with the highest divorce rates. There is one divorce every thirteen seconds in the U. S., and over 6500 per day. And, if present trends continue, every marriage in this country has a 40-50% chance of ultimately ending in a legal separation or divorce.
Another reality is that divorce, especially a highly contested or contentious one, may place significant financial burden upon the partners involved. More than likely, there will be a need for two residences and separate households that require provisions of food and basic household goods. Alimony and/or child support obligations will be assigned. Legal fees will accumulate on both sides. Either a court ordered or mutually agreed upon division of personal property, financial accounts, retirement benefits, business ownership, and debts, will occur. Mounting expenditures and mandatory division of marital property is a given in any divorce settlement, and hardly anyone comes out financially ahead after the smoke has cleared.