During a divorce, either spouse may feel that their plate is full. The divorce process can entail a number of issues, including child custody and property division. There are ways that Alabama spouses can remain in control during a divorce.
One way to stay in control is to be aware of marital assets and debts. Spouses may wish to meet with a financial adviser to dig up pertinent information regarding assets and income. Also, a couple should be prepared by taking inventory of household items, even going as far as taking photos of valuables such as furniture. A good way to find out information on debts is to take a look at credit reports, which will reveal detailed information on payment history and outstanding balances.
Another way to stay in control is to let go of negative emotions. Spouses may still feel hurt and angry due to being mistreated or being cheated on. Of course, it’s understandable to be upset, but this can cause damage emotionally and financially. In addition, negative emotions can cloud someone’s judgment, which could lead to regrettable decisions. Letting go of these emotions can help protect the financial interests and well-being of children.
Being armed with information and leaving emotions out of the divorce process can be beneficial to Alabama spouses. Doing so can allow spouses to make decisions that are best for their finances and their children. When spouses cannot agree, sitting down with a mediator may resolve most or all issues. If spouses still cannot come to a resolution, the family court system typically resolves property division and child custody disputes.
Source: The Huffington Post, “5 Ways to Take Control of Your Divorce Before It Takes Control of You”, Cheryl and Joe Dillon, April 21, 2014