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High asset divorce in second or third marriages in Michigan

Recent studies indicate that second or third marriages are more likely to end in divorce. A piece in the New York Times touches on the issue, noting the increase in divorce rate for these marriages may be tied to increased longevity.

The longer we live, the argument goes, the more likely we are to review the decisions we've made throughout our lives. Should we have done this differently? Should we have tried something else in a certain portion of our lives? This time for self-reflection may lead to a closer review of marriage, making those who are considering a second or third marriage keen on trying a "do over."

Some will find success. For those who do not, it is important to tread carefully. Couples in second and third marriages have often accumulated more wealth than their younger counterparts.

How can I protect myself if I am considering divorce after a second or third marriage?

Ideally, couples entering a second or third marriage will agree upon a prenuptial agreement before walking down the aisle. If this was not the case, the division assets portion of the divorce can be difficult.

The process of dissolving a marriage can be stressful and daunting. With some second marriages involving individuals of considerable worth, there can be a great deal more at stake. A high asset divorce can be challenging, prompting many to seek legal counsel for assistance in the process. When facing a similar circumstance, a person may speak with a family law attorney for advice on how to obtain the best overall outcome in his or her situation.

Source: huffingtonpost.com, "Second Marriages Are More Likely To End In Divorce. Here's Why", Brittany Wong, March 2, 2017

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