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Tips for those ending their marriage

On Behalf of | Feb 20, 2019 | Divorce

While no one ever plans on getting divorced, it is possible that a person could see his or her marriage come to an end. Therefore, it is vital that Virginia residents and others who get married have a plan in case the relationship doesn’t work out. For instance, it is important to consider whether or not it is a good idea to keep the family home.

Making that decision can be easier when a person creates a budget. A budget allows an individual to fully understand his or her cash flow, assets and debts. Therefore, a person getting a divorce can make a variety of choices such as where to live or how much to spend on housing. Parents should determine ahead of time if they will split custody of the children 50/50 or come up with some alternate arrangement.

Individuals should gather as much paperwork as possible prior to starting settlement talks. This will provide a more detailed picture of the household finances and what to ask for in a divorce settlement. Joint accounts should be closed as soon as possible, and those getting a divorce should obtain a copy of their credit reports. Finally, people should take time to recover emotionally from the fact that a significant relationship has just come to an end.

In a divorce, an individual may be entitled to spousal support and other types of financial assistance on a temporary or permanent basis. It may also be possible for a person to obtain marital property such as a home, car or portion of a retirement account. While an individual may negotiate a settlement on his or her own, it may be easier to arrive to an agreement with the help of an attorney.