The Financial Impact of Divorce
How to Find the Right Strategy for You
No one goes into a marriage thinking that they will one day get divorced, but it happens all the time. According to the 2016 American Community Survey, about 2.4 million marriages ended in divorce that year. If you are going through a divorce, it’s important to find the right strategy for you and your family. The financial impact of divorce can be significant, and it’s important to make sure you are taking steps to protect yourself financially. Robert Von Dohlen will discuss some of the things you need to think about when going through a divorce and how to find the right strategy for you.
The first thing you need to think about when going through a divorce is what your goals are. What do you want to accomplish? Are you looking for a quick and amicable divorce, or are you looking to make sure you get everything you feel you are entitled to? Once you have an idea of what your goals are, you can start to look at the different options available to you.
If you and your spouse are on relatively good terms, there are a few options that may be available to you that can help keep the cost of your divorce down. One option is mediation, which is where a neutral third party helps facilitate discussions between yourself and your spouse in order to come to an agreement on the terms of your divorce. This can be a great option if you are hoping to keep the cost of your divorce down and avoid going to court.
Another option is collaborative divorce, which is similar to mediation but also involves attorneys for both sides. This can be a good option if you need a little more help coming to an agreement with your spouse or if you have complex financial issues that need to be addressed.
If you are not on good terms with your spouse or if you feel like you need to protect yourself financially, there are a few options available to you as well. One option is to file for a contested divorce, which means that you will go through the traditional court process. This can be expensive and time-consuming, but it may be necessary if you feel like you need to protect yourself financially.
Another option is to file for an uncontested divorce, which means that you and your spouse agree on the terms of your divorce before filing. This can be a good option if you want to keep the cost of your divorce down and avoid going to court.