Minimizing The Financial Impact Of Divorce
Divorce is a difficult and life altering event – it can have a long-term impact on your family, your daily life and your finances. There are both emotional and financial costs of divorce that cannot be avoided all together, but partnering with the team at Johnson Mediation can help you make decisions during the process that minimizes the financial damage. Here are some tips for protecting your finances during the divorce process:
1. Choose your divorce process: Deciding to settle your divorce with mediation rather than litigation will save you thousands of dollars
The holidays are fast approaching and if you have been through a divorce and are co-parenting, you likely have a parenting plan in place that outlines how your children will spend their time over the holiday season. This parenting plan or custody agreement may have been negotiated during the divorce process. However, as your kids age and family circumstances change, these parenting plans may need to be changed to meet everyone’s needs. Your kids may have different preferences, your family may have new traditions, or you or your ex may have remarried and have a blended family. Changes in a parenting plan
Each divorce is unique – and part of what adds to the individual nature of divorce is the complexity of each case. This complexity can come in many forms. Your divorce may be complicated because of the intense conflict between you and your spouse, the inability for productive communication, or it can be related to financial issues including joint property, assets and debt. No matter how complicated your divorce, you have options when it comes to how to settle the terms of your divorce. Just because your divorce is complicated does not mean that you have to
Whether or not you used mediation to resolve the terms of your divorce, once that divorce is final, you will almost certainly find that issues come up that still need to be resolved. This is especially true if you share children. Mediation is an ideal option for families who need to settle issues even well after a divorce is final. Some of the most common issues that come up that may need the support of a mediator to resolve include:
Even when we know that it is in our best interest to end our marriage, and maybe even especially when our marriage ends on good terms with our spouse, life after divorce can be much more difficult than we expect. Johnson Mediation understands the complex emotions and practical matters that occur in so many people following their divorce, and as a result, we offer our expertise in the form of post-divorce support.
The divorce process is different depending on the state where you live. Minnesota has what is known as a “no-fault divorce law”, which means that the court does not take into consideration the reasons why you are divorcing your spouse. You do not need your spouse’s consent to file for divorce and the courts do not consider the reason you are divorce when deciding whether to grant the divorce. In order to get a divorce in our state, you simply have to have lived in the state for 180 days before the divorce proceedings begin and show that there is no hope for reconciliation. Another thing to remember
