When you've committed to getting a divorce, you will likely want it over with as soon as possible. The sooner the divorce is finalized, the sooner you will be able to close this chapter and move on positively with your life. However, it's important that you do not rush the divorce process. Taking your time to get the settlement that you deserve will benefit you for years to come.
Filing for divorce is an emotional decision that is usually the result of an unhappy marriage. Life is short, and you should always strive to move toward a happier life. While divorce may help you get out of an unhappy relationship, it may also present you with financial struggles if you do not plan properly.
States differ when it comes to the laws in place regarding the divorce process. This is why you should always make sure that you have a good understanding of the laws in the state that you plan to file in. You can't choose any state to file in based on your preferences - you must first meet the eligibility requirements.
Many industry experts believe that the isolation imposed because of the COVID-19 pandemic is going to have a drastic impact on families all over the world. When things finally calm down and the strict rules are lifted, they think we're going to see a spike in divorce rates.
If you and your spouse entered into your marriage with different expectations for what that meant, it can lead to some serious issue. In many cases, it can even lead to a divorce.
Is bird-nesting a fad? Is it a new trend that changes the game? Is it something you want to do after your divorce or can you not imagine how it would ever work?
If you get divorced and the court orders you to pay alimony, you may find yourself questioning their decision. The relationship is over. Why should you have to pay money -- even on a temporary basis -- to someone to whom you're no longer married?
Once you've decided to seek a divorce, the hard part begins -- but, first, you have to get through the process of explaining your decision to your spouse. If you've been fighting a lot, maybe the news will come as a relief. If you're like a lot of couples, however, your marriage may have been casually drifting along for a while, held together mostly through inertia. The sudden change can end up being a devasting shock to your partner.
When going through a divorce, it is important to understand the difference between marital and separate property. Separate property is not subject to division at divorce, while marital property is. Therefore, the first and perhaps most crucial part of the property division process is to correctly categorize assets.
The general rule with an inheritance is that it is not marital property, but separate property. Say your parents leave you $100,000 when they pass away. Later that year, your spouse files for divorce. Most of the time, the court looks at that $100,000 as separate property that belongs only to you, so you do not have to split it with your spouse.