For those who are contemplating or are in the middle of a divorce, any hints, tips or tricks will help. Luckily, with several dozens of combined years of experience with divorce mediation and litigation, there are several tips we are willing to share. Some of these tips relate to property division or child custody. Read on to discover just what to keep in mind during a Minnesota divorce.
The divorce process can no doubt become stressful and cumbersome. But with the right attitude, communication skills and know-how, anyone can get through it with their sanity intact.
The first tip to heed during a divorce is to not let your emotions dictate your financial decisions. In short, acting spiteful can be counter-active to the divorce negotiation process and can be more detrimental to you in the long run. With that in mind, remember that almost all assets are divisible and fair game.
This essentially means that no asset or liability should be considered as exempt from the property division process. This goes hand-in-hand with the next tip, which is to keep track of your spouse’s money. If it seems a portion of their paycheck isn’t reaching any known checking, investment or savings account, try to track where it is going.
This detective work could result in the unearthing of an unknown bank or money market account that you were not initially aware of. If a spouse is aware of the asset, it is possible to ask for half of such asset during the property division.
Sharing these tips can help those who are uncertain about the divorce process feel more confident. Above all, try to concentrate on staying positive and remembering what means this divorce will serve at the end of all this. Leaving an undesirable marriage behind is a great way to start fresh. Once through the process, all should become clear. Consider who will support and guide you during this time of change.
Source: Huffington Post, “40 secrets only divorce attorneys know,” Nov. 19, 2015
