You can tell that a divorce is inevitable because of the way you and your spouse feel about one another. Maybe there's been infidelity. Perhaps you've grown apart over time. Whatever the reason, it's natural to want to start planning for your future without your spouse. Don't get ahead of yourself by making major financial mistakes as you head for divorce court.
As an artist, one of the things you need is your artwork. That work may have the potential to sustain you and bring in an income. It's your creative outlet, and it has meaning to you. Even though it may not seem to be valuable monetarily in some cases, art is an asset and may be part of the property division process if you go through a divorce.
Divorces are hard on everyone involved, but children often suffer the most. Some believe the divorce is their fault, while others become aggressive or uncooperative when faced with changes they don't want to deal with.
When people think about divorce, they often think about who gets the home and child custody if there are minor children. Many people completely forget about one of the most important assets: retirement accounts.
From Facebook to Snapchat, you have had an active presence on social media for years. It is part of your daily routine to post pictures and updates about your children's achievements and activities as well as your personal challenges and accomplishments. From pictures of your family vacation in Europe to the summer lake house you purchased last year, you are not shy about sharing your status.
No one likes to plan for a marriage to fail, but if you are an entrepreneur with a small business, you stand the chance of losing ownership in your company if you don't take certain proactive steps.
Even in the most amicable of divorce, you still must make sure that you are getting the settlement that you deserve. When you are dealing with high-asset divorces, and even some that aren't high-asset cases, circumstances might still require that you have extra help with the financial aspect of the property division. This is when a forensic accountant can come into the picture. These professionals can help to ensure that everything regarding the finances related to the divorce is on the up and up.
If you are a business owner going through a divorce, you are likely concerned not only about the future of your marriage - but the future of your business too. Unique challenges arise when the valuation of your business is considered as part of divorce proceedings.
You and your friends are close based on similar backgrounds, interests or demographics - or maybe a combination of all three. We like to take advice from our friends. Friends are a great source of sympathy and honesty when we need it most. But, when going through a divorce, the best advice is often left to family law professionals.
Emotions run high in divorce proceedings. Your natural response might be to solve the problem that is causing the negative emotions quickly. However, "just making it go away" is not be the best approach when filing for divorce.