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.
When you decide to settle the terms of your divorce with the help of a mediation firm, you know that you will save time and money. However, there is an additional important benefit that you might not think about. A mediation firm can provide you with comprehensive support and resources throughout the divorce process that match your unique needs. This support can come as you decide whether or not to move forward with divorce, during the divorce proceedings or even long after your divorce is final. This is a very different type of support than can be provided by a lawyer and/or a judge
Divorce is known to be one of the most stressful of all life events. As a result, when you ask about people’s experience, you will very often hear horror stories from friends, neighbors and co-workers about the process, the conflict and potential unfair outcomes. If you are considering a divorce, it is important that you keep in mind that every divorce is different and as much as people want to help, you have a lot of control over how your divorce moves forward. Here are a few common myths about divorce that you can keep in mind as you weigh this possibility for your family:
Once you make the decision to divorce, you have another significant decision to make – what process to follow to settle and finalize your divorce. As you weigh your three main options: doing it yourself, using divorce mediation, or going through the traditional court system (litigation). Below we have outlined the pros and cons of divorce mediation so you can decide if it is right for you.
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
Divorce can cost you thousands of dollars, at a time when you are already taking a financial hit from splitting your household from one to two. This can be extremely difficult to manage, while you are already under a huge amount of stress. You may be wondering if there is a way to reduce the cost of your divorce to help your family financially. Here are some tips for doing just that:
If you are considering seeking a divorce from your spouse, it is important to think hard about the long term implications and decide if this is the best course of action for you and your family. Whether you have been thinking about this possibility for some time or something has happened that has caused you to consider it more acutely, thinking ahead and planning can help you navigate the process with less financial and emotional stress. Here are 5 things you need to know if you are seriously considering divorce in the next 6-12 months:
The pandemic changed so many aspects of our daily life. Even now that hospitalizations and deaths are down and we have moved forward, many things that were implemented during that time period have stayed with us. For example, many of us still work primarily from home and many of us still do curbside pickup for our groceries. During the pandemic, our mediation firm moved all of our cases online, rather than conducting in person sessions in order to minimize the spread of the virus. Now that we are (for the most part) on the other side, we are in a position to take any of the positive changes
