Divorcing from your partner can be one of the most complicated and stressful events that you can have to go through. Unfortunately, many people will stay in a bad marriage as a result of failing to understand the process of divorce.
Are There Steps You Can Take To Prepare For The Divorce?
Once you have come to the conclusion that a divorce may be the right option for you, it can be important to take some steps to prepare for this process. For example, you may wish to gather copies of the financial documents before alerting your spouse of your decision. This simple step can help to ensure that you will be able to receive your share of the assets before they have a chance to potentially try to hide them from the divorce proceedings.
Will Filing For Divorce Result In Losing All Your Assets?
Some people assume that a divorce proceeding will leave them without any assets from the marriage. However, this is not the case as the divorce proceedings will attempt to split the assets between the partners as evenly and fairly as possible. In fact, it will be encouraged for these individuals to attempt to negotiate a settlement to the divorce. This is most often done through the formal process of mediation, which can significantly reduce the time and costs involved with settling the divorce through the courts.
What Occurs When You Are Attempting To Mediate The Divorce?
Mediation can be an intimidating part of the divorce process for some people. However, you will not have to go through this process alone as your divorce attorney will be able to provide you with representation throughout the mediation process. In most cases, this will involve the two parties exchanging offers and counteroffers until they are able to resolve the distribution of all of the assets from the marriage. Depending on the extent of your assets, this may take up to several days to fully resolve. While this can be lengthy, it will allow you to avoid the costs involved with settling all of the divorce matters in court while also providing you with as much control as possible over the final outcome. Otherwise, if you leave this to the court, the judge may have a tremendous amount of discretion in terms of dividing the assets from the marriage. This can result in you being more likely to miss out on some of the assets and possessions that were the most important to you.
If you need help with a divorce, reach out to a law firm, such as Brown & Hilderley PLLC.