Articles
4 Financial Pitfalls to Avoid During Divorce
Divorce brings financial challenges. Challenges that can cost you not only money but add to your stress and how long it takes to resolve your case. However, there are some important financial pitfalls to avoid during your divorce that will help you to make good financial decisions. 1. Letting Emotions Guide Your Financial Decisions One of the biggest mistakes you can make during your divorce is to let your emotions take over when making financial choices. For example, you might feel attached to your house or a sentimental item, but a decision to keep these assets may not make financial sense. If maintaining the house strains your budget or you end up fighting over property with little value, it’s not worth it. Put your focus…
Why Fighting in Divorce is the Wrong Approach
It’s natural to feel frustrated during a divorce but turning it into a fight can lead to more challenges down the road. Disagreements and tensions are part of the process, but escalating them into a battle can waste time, money, and energy. Rather than focusing on fighting, it’s more productive to find ways to resolve issues calmly and fairly. This approach not only helps you move forward more quickly but also creates a better environment for you and your family. It Drains Your Resources Divorce litigation is expensive. The longer you fight in court, the more money you’ll spend on lawyers, court fees, and other costs. This money could be better spent on things that truly matter, like your children’s education, your future retirement, or…
What is the Difference Between Mediation and Litigation?
When resolving a divorce or legal conflict, it is important to understand how mediation and litigation differ. Each process has its unique approach to handling disputes, and understanding these differences can help you feel more prepared to make the best decision for your situation. Mediation: An Amicable and Private Process Mediation is a private, amicable process guided by a neutral third party called a mediator. The mediator works with both sides to facilitate open discussions and find reasonable solutions. One key benefit of mediation is the cooperative nature of exchanging information. Instead of spending significant time and money hunting down records or documents, both parties typically share what’s needed more freely. The mediator’s role is to assist both parties equally, helping with tasks like gathering…
Understanding Post-Marital and Separation Agreements
If you’re considering changes in your marriage, it can be helpful to understand your legal options. Post-marital (or postnuptial) agreements and separation agreements are two options that can clarify your rights and responsibilities. Understanding the differences can help you decide which is right for your situation. What Is a Post-Marital Agreement? A post-marital agreement is similar to a prenuptial agreement but is made after the wedding. This could be weeks, months, or even years after the date of marriage. The agreement outlines how financial matters, and property will be handled in the event of a divorce or death. With this agreement, you remain married, but it can specify details like: While post-marital agreements are generally upheld, they might not hold up in court if they…
Why Is January the Start of Divorce Season?
January is often considered the unofficial start of divorce season, and there’s a good reason for it. After months of holiday gatherings, family events, and the stress of the season, many people feel that it is time to make significant changes in their lives come January. If you’ve been unhappy in your marriage, waiting until after the holidays to start the divorce process can offer a sense of relief. With a new year comes new possibilities, and many see it as the right time to begin the next chapter of their lives. The Holidays are Over For many, the holiday season is a time for family gatherings and celebrations. Even in difficult relationships, people often choose to delay decisions like divorce to preserve the peace…
How to Deal with Trust Issues During the Divorce Process
During a divorce, trust can be hard to rebuild, especially if dishonesty has been involved. It’s normal to feel uncertain about what to believe or how to proceed. Taking practical steps and focusing on clear actions, can help you move past these feelings and start to feel more secure again. Start by Collecting Information Knowledge is key when dealing with trust concerns. If you’ve been involved in managing your family’s finances, you may already have a good sense of the overall picture. If not, begin by gathering important documents like bank statements, tax returns, investment records, and credit card bills. Your attorney can help you review these materials and identify any gaps or areas that need further clarification. This process can give you confidence in…
What is a Postnuptial Agreement
A postnuptial agreement, or postnup, is a legal contract between you and your spouse that is entered into after your marriage. If you’re considering one, understanding how it works and why couples choose it, can help you make an informed decision. Why Consider a Postnuptial Agreement? There are a few common reasons why you might choose to draft a postnuptial agreement: What Does a Postnuptial Agreement Cover? A postnuptial agreement can be as detailed or as simple as you choose. However, it typically covers the following: However, it is important to note that a postnuptial agreement cannot cover child custody or child support, just like a prenuptial agreement cannot determine child custody or support. How to Get Started with a Postnuptial Agreement If you and…
What Does a Parenting Coordinator Do in a High-Conflict Divorce?
In a high-conflict divorce, emotions run high which can make co-parenting extremely difficult. You might feel that you are constantly arguing with your ex-spouse over decisions related to your children with little room for compromise. In situations like this, a parenting coordinator helps you manage disputes and make decisions that benefit your children’s well-being. What is a Parenting Coordinator? A parenting coordinator is a neutral third party who steps in to help you and your ex to resolve parenting conflicts. Their main job is to guide both of you toward agreements on important matters, whether it is about medical decisions, extracurricular activities, or scheduling issues. If you cannot reach a consensus, the parenting coordinator has the authority, with prior approval, to make decisions for you….