In 2017, about 19.97 million children in the United States lived in single-parent households. And, according to the U.S. Census, this is a significant change from 8.2 million children in 1970. If you and your spouse are going through a divorce and have children younger than 18, you’re not alone, and child custody will be an important factor in the process.
Whether it comes as a surprise or if it was a long time coming, being served divorce papers can be an overwhelming experience. Most people aren’t able to think clearly in the days, or even weeks, that follow. While you don’t necessarily have to act immediately, you’ll need
The process and experience of filing for divorce is anything but simple, and it can be difficult to make sound financial decisions while in an emotional state of mind, even in an uncontested divorce. However, it is important for both parties to plan ahead for their financial futures as individuals early on in the process, before the divorce is finalized.
One of the most difficult issues in a divorce is splitting assets into “his” and “hers.” Dividing real property (marital home), personal property (your stuff), vehicles and financial items are where most couples run into difficulty. Before a divorce can be granted, all marital assets must be distributed in a way that’s satisfactory to both parties.
When it comes to divorce, there are several terms, procedures and documents that are confusing to navigate if you’re unfamiliar with the process. As you may have guessed, this includes no-fault and uncontested divorce.
Divorce serves two main purposes: to end a marital relationship and establish a fair division of assets and debts. If you’re considering ending a marriage, you’re likely experiencing a range of emotions. You’re also beginning to assess the factors of divorce that’ll affect your day-to-day activities.
Divorce can be a messy process, one you want to end quickly so you can move on with your life. It’s emotional; it’s tiring and has the ability to affect your rational thinking. However, there are negative consequences of jumping into divorce. It can cause you financial stress, anger and missing out on the assets you deserve.
Before you sign your name on the dotted line and cut legal ties, we recommend asking yourself these eight questions to achieve a better outcome for your divorce.
Divorce proceedings have changed over time. Previously, courts only granted a divorce when one spouse was able to prove the other was “at fault” for the dissolution of their marriage - either by neglect, abuse, or engaging in an affair, etc.
In my last blog post, we discussed the The Top 10 Recommendations to Consider Before Filing for Divorce When Children are Involved.
This week we will cover the Top 5 recommendations to consider once the decision to get divorced has been made. While every circumstance is different, these are recommendations that can apply to almost every divorce.