In Wheat Ridge, Colorado, divorce is no longer a new topic among the local residents. Divorce brings a lot of issues that makes the legal process complex, including child support, child custody, spousal support and property division. Divorcing individuals have to face unintended consequences before the legal process is finalized.
According to experts, divorce can be costly, especially if the case is dragged into a lengthy court battle. One way to minimize the costs is to seek alternative dispute resolution such as mediation or collaborative law. People need to understand that not all couples can settle their divorce through mediation, as the success of the latter depends on the cooperation of both parties, which does not happen in certain contentious divorce cases.
Emotions run high during divorce, which can affect the decision-making of those involved. Divorcing individuals are advised to set aside their emotions and focus on the issues to avoid costly mistakes.
In dealing with property and assets, the person who has knowledge and documentation has the advantage. The goal of property division is a fair and just settlement for each party. It is important for divorcing individuals to make copies of important documents such as bank accounts, investment accounts and insurance. These documents can be used as a reference during property division.
All of these consequences are part of the divorce process. Once the divorce is finished, the people involved can start a new chapter of their lives.
To ensure that all issues are settled accordingly, divorcing spouses may consider speaking with a knowledgeable family law attorney for guidance. By doing so, spouses will help mitigate the potential adverse effects, both financial and emotional that are part-and-parcel of a divorce.
Source: Foxbusiness.com, “The unintended consequences of divorce,” Gerri Willis, Feb. 14, 2014