Divorce is a very serious process and nobody should get through it alone. Do you need divorce support? Actively engage in activities that will generate joy and/improve your self-esteem. “In the months during and after my divorce, I ran my first half marathon, traveled, enrolled in a wilderness basics course, backpacked, and went dancing at least once a month. I did these things even when I didn’t want to, even when I felt low and wanted to crawl into bed. Slowly, with time, I regained my confidence, self-respect, and self-love.”
You are going to need your own money for a divorce. You will have to be able to maintain yourself and your children for a while if you are dependent on your spouse as your spouse may decide to cut off support suddenly. You will also probably need funds to hire a lawyer. If there is any way to start a separate account to guard against future financial contingencies, now is the time to do it. If you have to borrow money from a relative or friend, be sure to sign a promissory note so the court will look at this as a loan that you have to repay and not as a gift.
People who treat their divorce like a business transaction, and to the extent possible, control their emotions so their decisions are based on their best interests and not their hurt feelings, fare much better. For instance, some people might argue endlessly over values of certain assets, when in reality, if they just compromised they would save in attorney’s fees and time. Sometimes people do prioritize what is most important and spend time and energy arguing over assets that might not have a significant value while ignoring the more valuable parts of the marital estate. Sometimes people get hung up over how something is characterized — for example, they might agree to a one-time cash payment to their spouse but balk if that same payment is labeled “attorney’s fees.” Taking a step back, looking at the big picture, and understanding the cost of fighting as well as potential risks and rewards will serve anyone well during a divorce.
Work together with a divorce financial planner or tax accountant to minimize the total taxes you and your spouse will pay during separation and after divorce; you can share the money you save. Don’t forget that both spouses are liable for taxes due as a result of audits on joint returns, so it’s usually in your best interest to work together and minimize possible liabilities. If you’re facing complicated tax issues in your divorce, it’s best to consult with an experienced family law attorney and an accountant. Divorcing spouses usually underestimate living expenses when they produce their initial budget for temporary alimony (also referred to as “maintenance”), and later find that they aren’t able to cover all of their bills. Use a financial professional to help you produce an accurate and complete budget.
What makes us different is our philosophy. We believe that good can and should come out of any situation, particularly divorce. DreamsRecycled is founded on this principle. DreamsRecycled.com was launched after my own divorce and is therefore the quintessential making lemonade out of lemons story. What started out as the only marketplace in the world specializing in divorce items, has grown into “The Ultimate Divorce Resource”. We added a great blog area where our community can find practical information on all aspects of divorce, from 150 expert bloggers. Next, we gave our users what they had been asking for their very own social media area, here they can connect with other like-minded individuals, get support, make new friends, network and even date! We filled our directory with great secondary divorce services providers as we realize that navigating your divorce alone can be hard work. We believe that DreamsRecycled is the biggest, most comprehensive website for the divorce community. See extra info at Divorce community.