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
When you got married and had children, did you ever give a single thought to what it might be like to co-parent your kids with your spouse? Most parents who are in a committed relationship do not give that much (if any thought) and assume that they will raise their children together. However, as time passes, conflict and tension rise and some couples decide that a divorce is the best option for their family. When you separate or divorce, it feels as though your role as parents changes dramatically. Instead of making joint decisions and living all together in the same home, you forge your path in two different homes
Co-parenting after a divorce is a huge adjustment for the entire family (parents and children). In fact, differing parenting styles may have contributed to the reasons you decided to divorce, so it makes sense that this new process of co-parenting from two different households can be a challenge (to say the least). It is important to remember, however, that you and your ex likely have the best interests of your children in mind, even if your approach is vastly different. Johnson Mediation offers highly effective co-parenting resources and support for families at every stage of the divorce process.
If you have recently been through a divorce, you may be left with your finalized divorce papers, wondering – what now? The truth is that when a relationship fails and you go through the divorce process, it is very difficult to think about your future. But the reality is, your life has changed significantly. You may have more time on your hands, or you may have less time on your hands, your financial situation may look very different, you may feel like you are mourning a loss of a significant relationship. Another big change if you have children is sharing co-parenting responsibilities. You will realize quickly
One of the most common questions or concerns that we hear about related to divorce mediation is about whether it is a tool that can be successful for a very complicated divorce. While every relationship and every divorce is unique, the team at Johnson Mediation can say, with certainty, that divorce mediation CAN work for a very complicated divorce case. Mediation can be ideal for even the most complicated cases, allowing participants to consult with the very same experts that may be used in litigation. You are allowed to work with appraisers, attorneys, accountants, financial planners, and others during
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:
