As we all know, divorce can be complicated. It involves money, custody issues, child support, spousal support, and other legal aspects. You need to educate yourself, protect yourself and empower yourself on these issues. Until you’ve done that, you’re not ready.
For example, do you know how many bank accounts you have as a couple and individually? Any other marital assets you might be entitled to? Consult with at least three attorneys as you explore the option of divorce. “There are economic realities that you have to acknowledge,” says Dr. Phil, “but you are not powerless.”
Dr. Phil’s Questions:
1. Have you done everything you can to save and rehabilitate your marriage?
2. Do you have unfinished emotional business?
3. Have you researched, planned, and prepared yourself legally for divorce?
4. Are you ready to adopt a new standard of conduct with your children?
5. Are you willing to create a new relationship as a co-parent?
Here is our take. All of these questions are important to consider before embarking on dissolution proceedings. If you enter divorce proceedings without having them answered the process is guaranteed to take longer and cost more money because the unanswered questions will play themselves out in conflict during negotiations.
Or course, Wellspring Divorce Advisors gravitate directly to question #3 because it deals with money and we agree it is absolutely mandatory to do your homework before filing if possible. Find the family bank accounts, copies of tax returns and investment account statements and research the options available for settling your differences outside of court.
However, we also find it helpful for our divorcing clients to work with a mental health professional as a coach during the process to get assistance with difficult and emotional decisions.
Read the full text at the link below courtesy of Huffington Post.
Wellspring Divorce Advisors helps individuals and couples address the financial aspects of divorce in a civilized, equitable, and efficient manner by providing expert divorce financial planning and advice.
Contact us to find out how we can help you through this process.