Are You Prepared for Divorce?

Marriage can be difficult for many couples, even under the best of circumstances, but contemplating divorce may be even harder. Deciding to divorce can have a big impact on a couple’s lifestyle, family members and financial resources, especially for couples who have built up substantial marital assets during long-term marriages.

For some couples who are considering divorce, there may be viable alternatives to a traditional divorce that can provide both spouses with benefits. Talking to a divorce attorney Hillsborough County can open up discussions on the advantages and disadvantages of a traditional divorce versus alternatives based on a couple’s specific circumstances involving lifestyle, family and finances.

A Permanent Separation

For many couples, especially senior couples who have been married for a long time, a permanent separation may be a good alternative to a traditional divorce. Entering into a permanent separation allows spouses to continue many benefits that were shared in marriage such as filing joint tax returns, establishing joint credit accounts, shared bank accounts, and shared health plans. However, when spouses agree to a permanent separation, both spouses must remain committed to working together on joint issues. If either spouse defaults on a permanent separation agreement drawn up by a divorce attorney, both spouses may see a negative impact on their their finances and their credit.

A Mediated Divorce

For some couples, especially young couples, a mediated divorce is a good alternative to a traditional divorce. Young couples who haven’t been married long and have limited financial resources may benefit from a mediated divorce process. In a mediated divorce, a couple hires a divorce attorney or mediator to resolve differences and establish a divorce settlement agreement that both spouses accept. During the process, the attorney can identify and discuss divorce issues that may be overlooked by both spouses. By discussing and understanding complex divorce issues during mediation, couples can avoid costly litigation if future disputes arise. A mediated divorce doesn’t work for all couples. It’s a collaborative effort between spouses and only works if both spouses agree to abide by the terms of the mediation agreement.