Divorce Options ( from most control to least control over decisions):
Do It Yourself- You and your spouse make a decision how you are going to divide the property. You each should seek independent legal advice to make sure that you understand that you are giving up through the agreement. Making your own agreement can save you time and money and you will have control over the terms of agreement.
Mediation- Mediator is a neutral party, who does not take sides. He can help you to work with the other person to come up with a property division plan that will work for both of you. The mediator will not force an agreement on you, but help you to come up with agreement yourself.
Collaborative Divorce- You and the spouse will have your own lawyers. You will agree to work together, share financial information, and that you will not go to court.
Courts - if you can not agree on property division, then you can apply to the court. A judge will decide how your property will be divided, amount of spousal support, child support.
Basis for Divorce:
1. Adultery ( must have proof, or admit to it) 2. Mental or Physical Abuse - spouse makes it unberable to live together ( must have proof) 3. One- year separation - most common
This information is provided for general information purposes only. It does not constitute professional advice and does not create a advisor-client relationship. Please consult a Certified Financial Planner about your specific needs before taking any action. insurance products and services are provided by Alia Turkunova-Rausch.