You may have seen a May issue of Time magazine that had an article on alimony, which is called spousal support in California. The article details the growing movements challenging permanent spousal support, the kind that is paid until a spouse dies or the recipient remarries.
There are two sides to this issue. Those in favor of spousal support say the payments are justified because those spouses who may have stayed at home for many years gave up time not pursuing a career, not building marketable skills and not networking. According to the article, on the other side are a growing number of second wives who are seeking spousal support reform, claiming that their husbands may not be able to pay their spousal support.
What’s an independent adoption?
In an independent adoption, the birth parents must personally choose with whom to place their child. The birth parents are entitled to know certain information about the adoptive parents, such as their full names, age, ethnicity, religion, the length of their marriage, the number of times each spouse has been previously married, past criminal convictions, child support obligations, and whether any children were previously removed from their home due to abuse or neglect. In short, an independent adoption allows birth parents to personally select potential adoptive parents and have certain information about adoptive parents provided to them.
A recent Forbes article noted changing dynamics of married couples’ finances. A growing number of wives are out-earning their husbands in dual-income households. While this is not the new norm, the occurrence is certainly increasing. High-income earners and high net-worth couples have unique considerations regarding their marriage. Prenuptial and postnuptial agreements can help address some of these considerations by safeguarding assets and avoiding significant hassle in the event of a divorce.