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The value of planning for a divorce

On Behalf of | Jul 12, 2018 | Divorce

Few couples anticipate going through a divorce when first getting married, but with divorce rates at 50 percent, planning for a future separation is the intelligent thing to do. Knowing what the expect when the time comes can reduce a lot of confusion and stress for both parties. If done correctly, planning can result in a peaceful negotiation of terms through mediation or collaboration rather than an extended and expensive trial. All the adults and children involved can benefit.

There are many things to consider when planning for a divorce, including the division of assets and custody of children. Making a reasonable decision about these factors requires careful thought and research by both parties. Each person should set reasonable goals for a future after divorce and then think of ways to accomplish those goals without generating more difficulties.

Creating an amicable plan outside a courtroom will require detailed organization from both parties. All financial information, including bank statements, retirement accounts, tax returns and mortgage documents should be carefully organized so that it is easier to decide what makes sense when it comes time to actually dividing everything. In addition, each party should plan a budget for life after divorce to see what type of income is required to live comfortably.

Even divorces without many disputes require detailed legal proceedings which is why it’s recommended that both parties get support and guidance from an attorney. Each person should go through a detailed initial consultation with any potential divorce lawyer to make sure that they’re a good match for the specific situation. With a thorough plan in place, it is more likely that the divorce may proceed without a lot of hassle or wasted time.

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