Most Common Financial Concerns During a Divorce
Money is an ongoing concern for many and it can often cause problems for marriages, occasionally to the point where it ends in divorce. However, divorce brings with it, money trouble of its own. Splitting Possessions There may be a house, a car and even a collection of some kind all of which will have to be divided. This is a big part of the divorce process and the way it works has some relevance to where you live. There are two forms of states known as community property states and equitable distribution. Community property states see all belongings as being owned by both parties. This does not necessarily mean that everything is split 50:50 and belongings are split in a fair way. Equitable distribution states indicate that any property obtained during the marriage will belong to the spouse that earned it. In the case of divorce, the two parties have the assistance of solicitors and such to help them divide belongings in a fair way. Splitting Debts Splitting debts is very different to splitting assets because you have to share the money that you owe. Therefore, it is important for all involved to understand what is owed and who owes it and there is always the scope of settling the debts at this point by selling something such as a property. There is the possibility of swapping debt for assets when they property is divided but there is also the possibility of splitting debts equally – this of course depends on how amicably the divorce is. Tax problems Splitting assets and debt are usually at the forefront of the divorce arrangements yet there are tax implications to consider. As you are not considered to be married any more, following divorce, your filing status changes. There is the possibility that…
Dating After a Break Up
After a divorce or the breakup of a long-term relationship, it may be tempting to get right back into the dating scene. One may feel lonely and crave companionship, erroneously thinking only a romantic partner can fill this need. The fear of being on one’s own can be the push to flit from relationship to relationship. Consider taking a pause from dating to think things through and regroup.
Parenting Plan for Relocating with Children Post-Divorce
The most obvious aspect of your parenting plan that will need adjustment is the custody and visitation schedule. Chances are that the primary residence will remain the same, but the visitation schedule will not. A parent that may have had time with their child every weekend might now only see their child one weekend a month, but more during summer vacation. You will also need to take the travel time into consideration. Regardless of how your visitation schedule will need to be adjusted, it’s important to get all the details worked out before a move. It’s no question that separation and divorce can be difficult for children. While it might actually create a better environment for them in certain circumstances, they don’t always understand that at the time. Add in a geographic move of one of the parents into the mix, regardless of whether the child has to relocate as well, just creates another whole level of complexity. Create or Amend Your Parenting Plan to Reflect Your Living Situations If you are divorced or divorcing with a child or children, you will need or already have a parenting plan. This plan should contain everything about how both parents will cooperate in regards to raising their children, from how time will be shared to how expenses will be handled. If one parent plans to move a significant distance away after a parenting plan has been created and approved by the family court, it will need amended to reflect any changes. Here are some of the major points that need to be considered. Transportation is Important Most parenting plans have details about pick-up and drop-off times and locations. But, that gets much more complicated when long distances are involved. Long distance travel takes time. Anything involving a considerable amount of time needs to be looked at…
Running into Ex-Spouse Post-Divorce
If you are still in the midst of divorce, it helps to set the ground work for accidental encounters with your ex-spouse down the road. The relationship charity Restored Lives, suggests wishing them well. The objective is to close that chapter in your lives so that you can move forward. You then part ways on a good note. Giving them directions to Hell – makes it more difficult when bumping into one’s former partner socially. Some people go to great lengths to never see their former spouse again, such as by moving across the country. Others are glad to keep in touch and consider them as a friend. What to do if you are somewhere in the middle of this continuum? When running into an ex, have a pleasant expression and ask a few general questions as you would for an acquaintance. It is okay to keep moving slowly while talking, in order to make the conversation brief. If on friendlier terms, feel free to suggest a quick cup of coffee. If it looks like she is about to kiss you and you are uncomfortable, copy Oprah Winfrey. She is not a hugger and has mentioned a way to get around this awkward moment. Quickly extend your arm and grab their hand to shake it, with one or both of your hands. Your ex may not be sure how to greet you and this gesture can be helpful for her too. If your ex has not have spotted you in the crowd, retreat slowly so as to not draw attention to yourself. Do not stare, but rather stay focused on your get-away without her knowing you are nearby. If seeing your ex strolling down an aisle at the grocers or a shop, turn around and get to the cashier’s for…
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