If you are fed up with your spouse and ready for a new lease on life, a divorce may be just what you need. But if you are not prepared for the repercussions that divorce brings, you may end in a pickle. There are three very important questions that you will want to ask yourself before marching into divorce court. First of all, ask whether or not you can pay the debts you have by yourself? Marital assets are generally split in half through equitable distribution.
This means that if your spouse has debt, you will need to take half. If you have debt, then you spouse will take half. This includes all expenses like student loans and mortgages. Even if you have half the debt that you used to, you will still have pay it on a single income, rather than double income. If you don’t think you’ll be able to handle this, then you will want to carefully consider whether or not it is worth it to pursue your divorce.
As well, you will want to ask yourself whether or not you should sell your home. If you own your house jointly with your spouse, you may run into complications when dividing the property. In a lot of cases, divorced spouses will sell the house and divide the profit. In some cases, the house may be more of a burden than an asset. For example, if you owe more on the house than it is even worth, you may be hoping you won’t be issued the house as a part of your divorce settlement. You will want to think about how to deal with a house in the event of a divorce to make sure that you are making the right decision.
The last question that you need to ask is whether or not you can afford to be a single parent. If you have children, then you will need to raise them without your spouse in the home to help. While you may end up co- parenting, this is not the same as a traditional, married family. You will want to carefully consider whether or not you are financially capable of being a single parent. You may be able to obtain spousal support and alimony from your ex- spouse, but they may not be enough. Carefully think through these costs before you contact a divorce attorney to pursue a split.
With an accomplished divorce attorney on your side, you will have the wise council you need to organize an effective divorce. You will want to carefully outline what financial payments you want to receive, and then go over your marital assets and divide them equally and fairly. Talk to a Florida divorce attorney at Reyes Miller Law if you have questions about filing for divorce.