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Coral Springs Divorce Law Blog

High asset divorces come with a lot of uncertainty

Amassing wealth is the goal of some Americans. If you have worked hard on the goal, you probably want to hang on to what you have worked hard to gain. One thing that could rip some of your hard work away from you is a divorce. These high asset divorces are often complex cases that are difficult to work through.

We understand that you might not want to have to divide your assets with anyone. Unless you have a prenuptial agreement that clearly spells out what your ex can keep and what will remain with you, there is a good chance that you aren't going to get to keep everything.

Plan carefully for your finances during and after divorce

Preparing for your financial future after a divorce isn't easy, but it is necessary. You need to know what you are able to do on your single income. There are several points that you need to consider when you are preparing for this transition.

You should begin to look at your finances immediately when you find out about the divorce. The reason for this is that your financial situation might have an impact on what you choose to do during the property division process.

Determine how structured your child custody arrangement must be

We recently discussed some of the ways that you can help your child to cope with some of the common fears that frequently crop up when parents divorce. As you can probably imagine, divorce is scary for children. Older kids might understand what is going on and may be able to cope with it. Younger children are usually a little more shaken by a divorce.

We know that you are ready to help your child settle into the new way of life. This is almost impossible as long as the child custody matters are still up in the air. Child custody is one area of a divorce where parents are usually ready to get everything settled quickly.

Plan to address your child's divorce fears right away

Children who are going through a divorce with their parents can have a host of things going through their mind. It is important for parents to do what they can to address the fears associated with the divorce so that they can become more secure with the situation.

One fear that is present for almost every child of divorce is that they are the reason for the divorce. You need to explain to your children that the divorce is due to differences between the adults, not anything that they did. This can be hard for children to understand because they tend to personalize and internalize things. You might need to find some media options, such as books, that help to explain the situation.

Know what you and your ex have to do to divorce

Going through a divorce is something that puts your problems at the center of attention. People might be curious about why you and your spouse are splitting up. This can be hard to deal with, but this is a time when you really need to place your focus on the legal matters that come along with the end of a marriage.

When you and your ex end the marriage, you will have to divide up everything that you have accumulated during your marriage. Property, bank accounts and debts are all things that have to be discussed. Typically, if you and your ex can work together to get these matters decided, you will be able to have the legal end of the marriage declared faster than if you end up having to wait on a date for a divorce trial.

Divorces aren't always quick or simple

Going through a divorce is sometime a long and messy process. There are some people who are able to work through the matters at hand and get it all taken care of quickly; however, not everyone is that lucky.

The desire to battle out every single issue in the divorce is something that is all too common for some people. Instead of being willing to compromise, they try to play hardball. This can make life simply miserable for the other person. In some cases, the desire to play hardball and make the rules continues on after the divorce is over.

Understand the child support order in your case

The child support order is something that you might not review very often, but it is very important that you understand what it says. There are many different things that you might find in this order. When most people think about child support, they think only about the monthly payments that one parent makes to the other parent. While this is a primary component, it isn't the only one there.

Your child support and custody order is likely going to discuss which parent must maintain medical insurance on the child. It will likely also cover how uninsured medical expenses and other costs of raising the child are going to be divided.

Make plans now for shared expenses related to the children

Making sure that you and your ex understand the way that you are going to handle expenses related to the children can help you to avoid stressful situations. The sooner this agreement is made, the better.

One thing that you should do right away is to speak to your ex about what expenses will be shared. Decide right now how those will be handled. Will one parent cover the cost and the other parent reimburse their share? How long does the parent have to take care of the reimbursement? How will the reimbursed portion be calculated?

Make sure to follow the do's and don'ts of divorce

There are a lot of thoughts and feelings that go through your mind when you are facing a divorce. It is important that you take the time to think carefully about what you are going to do as you go through the process.

One of the most important things to do is to make sure that you don't let your emotions control you. Instead, think about what options you have and how they might affect you. Write out lists if you need to so that you can visualize what is going on.

Make sure you make memories with your children

Child custody matters are often difficult, but they don't have to be so upsetting that they cause you to lose sleep. It is imperative that you take the time to think about what is truly important. You don't need to get too stressed out about minor stuff that you can't enjoy the fun times that you have with your children.

The time that you spend with your children is priceless. You should make sure that you take care of them and focus on making memories when you have time with them. Even if they spend most of their time with you, it is crucial that you use the time with them to help them grow and thrive.