Sometimes people in the midst of divorce fail to realize that they could be making it harder on themselves and their children by being contentious. Taking the high road is not always easy, but there are several reasons you should make that a goal, including the following:
An amicable divorce saves money.
There is no question that being able to negotiate your divorce settlement amicably will pay off for both of you financially and emotionally. It costs a lot more to settle a divorce in court than if you are able to hammer out the details in private or in mediation.
An amicable divorce helps you get your fair share of marital assets.
Marital assets are all those that were acquired by a couple during their marriage. It does not include separate property that either of you may have brought to the marriage and kept separate throughout, or that came to you by inheritance or gift. Divorcing couples must provide a comprehensive list of all their marital assets and decide on a fair division of the property. If you can negotiate these details with the help of your attorneys — and without the involvement of a judge — it is more likely that both of you will be able to walk away from your marriage with a property settlement that is fair and works for both of you.
An amicable divorce helps you protect yourself financially.
Many divorcing couples fail to realize how a contentious divorce can harm their future financial health. For example, if there are debts one spouse is unaware of, it could negatively impact his or her credit score. Divorcing couples should obtain copies of their credit reports and work together to resolve any outstanding issues before the divorce is finalized. Joint accounts will need to be closed so you are no longer on the hook for each other’s debt after the divorce.
An amicable divorce makes things easier for your children.
Even though you are divorcing, you both hopefully want what is best for your children and you should know that a nice divorce is much easier on them than a nasty one. As part of your divorce agreement, you will be developing a parenting plan that means you will need to cooperate together on raising your children even though you will be living separately. You should also be putting the proper financial protection in place for your children through estate planning so they are protected in case something happens to both of you while your children are still minors.
When you are faced with an important life decision regarding a key family relationship, the advice and assistance of an experienced family law attorney often prove crucial to your understanding of the issues involved and your satisfaction with the ultimate outcome of your family law matter. Contact us today for your free consultation.