Dissolving a marriage can be a confusing ordeal on multiple levels in New York. First, divorcing individuals must confront the emotional challenges that come with divorce. Second, they must make a number of financial decisions when ending a marriage. Fortunately, they can feel in control of their marital breakup situations by making a couple of important moves early on.
First, it is important to figure out where one stands financially prior to getting divorced. This information can be gleaned from recent tax returns as well as retirement policy information and insurance policy information. It is also a good idea to write down all of one’s liabilities and assets, as this information will come in handy during the property distribution process.
Next, it is generally a smart idea to decide early on to remove emotions from the equation when tackling divorce issues. When divorcing individuals make decisions based on their emotions rather than logic, they may end up deciding to keep the family home when it would actually be in their best interest to sell it, for example. The choices made during a divorce can have long-term effects for an individual and his or her family, whether good or bad.
If two people who decide to get divorced can see eye to eye on how to handle the family home and other aspects of divorce, like alimony, they may want to use negotiation or mediation to resolve their issues. This will allow them to avoid further court intrusion and thus lead to a more amicable divorce proceeding. An attorney can help a divorcing spouse to pursue a comprehensive and fair divorce resolution outside of court in New York.