How to minimize the financial impact of divorce

Most people that end up getting a divorce see signs that their marriages may be in trouble. Minor disagreements may start turning into major arguments. The couple may be spending less time together. Perhaps one of the spouses may have recently lost a job, leading to financial problems that place more strain upon an already troubled marriage.

Some marriages are able to withstand these challenges, and the spouses emerge from these troubled times even more committed to one another. For those unable to make a relationship work, they may feel that a divorce will be the only way to resolve the difficulties they are having with their spouse.

When a couple is going through the divorce process, they may not have any idea about the extent of the changes that they will soon be experiencing. As part of the divorce, if the couple had children, they will need to determine a child custody agreement that allows each parent to continue to be a major part of the child's life. This can be extremely difficult for both parties to agree to, and may even require the court to make a determination that is in the child's best interests.

The other major area that will need to be addressed concerns the division of property that the couple has accumulated during the marriage. In some divorces, there will often be disputes over how the property should be divided.

An individual considering filing for divorce should be sure to take extremely accurate and detailed records of finances prior to filing. Once one spouse files, the other may try to hide or conceal assets to remove the property from the divorce proceeding. If the couple owns a business or other high-value investments, it will be crucial to have these assets examined by financial professionals to get an accurate determination of what they are worth.

The division of property can result in spouses seeing savings and retirement accounts severely reduced, but the couple may have other financial concerns that will need to be addressed. In many marriages, both spouses have jobs that allow them to contribute to the family's budget. After divorce, these individuals will only have one income to work with, which can cause significant financial hardships if the individuals do not properly plan for the future.

If you are considering a divorce, take the time to speak to a family law attorney in your area to understand how best to proceed. While no one wants to go through a divorce, going through the process without planning could make things much more challenging for you and your family.

Article provided by Richard T. Bell & Associates, P.C.
Visit us at www.rtbell-law.com

Contact Information: FL Web Advantage

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How to minimize the financial impact of divorce

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Coping with emotional stress while going through divorce

There's no two ways about it -- divorce is one of the most stressful things that can happen to a person. Regardless of why the split happened, no one can blame a newly divorced person for feeling hurt, angry or confused.

However reasonable these emotions may be, it is important to recognize that they can have a significant impact on your divorce case. At best, negative emotions can distract you from the issues you really need to be focusing on. At worst, they can cause you say or do things that can inflict serious damage on your case.

For this reason, it is a good idea to enlist the help of an experienced divorce attorney early on in the process. The attorney will be able to work with you to identify your goals and overcome your challenges. A trusted attorney can work on your behalf so that you can focus on getting your life back on track.

With that said, even the best attorney will still need you to be an active participant in your own divorce. By focusing on your emotional wellness, you can help ensure that your divorce case goes as smoothly -- and as successfully -- as possible. Consider starting with the following tips:
- Be honest with yourself: It is important to take some time to step back and understand why you are feeling the way you are. If you are feeling combative or checked-out, there is probably something else going on. Being honest about your feelings can help you set them aside so you can focus on getting the best outcome in your divorce case.

- Look on the bright side: There are a lot of bad things about going through a divorce, but there are many positives, too. Try to focus on all of the opportunities you will have in your next chapter instead of dwelling on everything you stand to lose.

- Talk to a therapist: A lot of people mistakenly believe that therapists are only for people with diagnosed conditions like depression or anxiety disorders. In reality, though, talking to a therapist -- even if it is only for a few sessions -- can be extremely beneficial for anyone who needs help sorting out confusing emotional issues.

- Get financial advice: A common source of post-divorce stress comes from uncertainty about how you will get by without your spouse's income (or, conversely, about how you will afford child support and alimony payments). A financial advisor will be able to paint a realistic picture and help you strategize for your post-divorce financial life.

These are just a few of the ways you can focus on your emotional wellness in the midst of a divorce. Whatever you're feeling, know that it is temporary, and that you can get through it. If you need help, ask for it, and be sure to let your divorce attorney know if you are struggling.

Article provided by Law Offices of Disrud and Garcia
Visit us at www.disrudgarcialaw.com/

Contact Information: FL Web Advantage

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Coping with emotional stress while going through divorce

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