While divorce can and does happen throughout the year, there is often a spike that occurs right after the holidays. Many reasons may exist for this phenomenon, but the big concern is not when the divorce happens, but rather how. Far too many couples wait until they are ready to file before contacting an attorney. Unfortunately, this may not be in their best interest. If you intend to file for divorce in the New Year, the following information can help you better understand the benefits of planning for divorce now, before the holidays are over.
Understanding the Purpose of Divorce Planning
Divorce planning is essentially what it sounds like - a plan for the months leading up to the actual divorce. This can be especially helpful when there are complex divorce matters, such as a high net worth, contention among the divorcing parties, or complex child-related matters. It keeps everyone focused on the overall goal when emotions start to run high. Divorce planning can also help each party prepare for the future, whether that means ensuring that they have paid off some of the debt to prevent divorce-induced financial troubles, talking to a financial advisor about potential tax consequences, or obtaining suitable housing ahead of time to smooth the transition for children.
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