Going through a divorce isn’t an easy event in a person’s life, but it’s one that’s sometimes unavoidable. The exact things that you’ll have to work through during this process depend factors such as whether you have children together and what types of assets you’ve accumulated.
It’s best to go into the divorce with at least a basic understanding of what you need to work through. This gives you a chance to think about the options and determine how you feel it’s best to proceed.
A custody agreement is necessary if you share children
If you and your spouse have children together, you’ll have to determine a parenting time schedule and determine who has the power to make which types of decisions and how disputes between you and your co-parent will be handled. Ideally, the agreement that’s put in place should be comprehensive to reduce the chance of contentious situations and confusion in the future.
Assets and debts have to be divided
You’ll also have to divide all assets and debts that were amassed during the marriage. This can be difficult, particularly if you have considerable assets and/or debts that need to be split. As you go through this part of the process, consider selling off some assets to pay off debts. Additionally, think about how keeping certain assets may impact your financial situation in the future.
Determining how to handle each decision in a divorce can be difficult. It’s important to have experienced legal guidance to assist you with determining how each option may impact you now and in the future.