If you are involved in or considering a divorce, there are certain steps you want to take to minimize the tax consequences of the divorce. The most important of these include:
Is your marriage beyond repair? Have you decided that it's time to stop the constant bickering, get a divorce and move forward with your life? Do you have to have a specific reason for seeking a divorce? Do you have to show that your spouse cheated on you, physically abused you, or abandoned you?
Whether your marriage is in trouble and you are considering divorce, or your divorce is final, disputes can still arise. You can always take your differences to court, but the legal process can be time-consuming and expensive. In addition, the adversarial nature of litigation can make it difficult to maintain the type of relationship that is most beneficial to your minor children. Fortunately, there are alternative means of dispute resolution that allow you to find mutually beneficial ways to resolve your differences, ways that minimize your costs and help you foster a positive relationship. This blog post highlights two of those approaches: divorce mediation and the collaborative approach to divorce.
If you are considering divorce, on of your primary concerns should be the welfare and protection of your children. They should always come first, and should not have to suffer because you and/or your spouse elected to divorce.