I Want a Divorce…Now What?

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It’s no secret that over 50% of marriages end in divorce, even more if you’re in your 2nd or 3rd marriage. Whether this is a good thing or a bad thing depends on your perspective. I’m a believer that life is short and everyone is entitled to their happiness. My guess is that if you’re not happy in your marriage, your spouse isn’t either.

If you’re thinking about ending your marriage there a few steps you need to take before you initiate your divorce. These will help to ensure the best outcome for you should you decide to move forward. This is not a decision to be taken lightly and a little preparation can go a long way. The reality is that you now have to stop thinking emotionally and start thinking financially.

#1 Get Real and Start Planning

Divorce may be the toughest this you’ll ever do. Believe me, I know. Right now all you may be thinking about is how miserable you are and that you have to get out. Before you pull the plug though, take a deep breath. Then start planning so that you (and your children) have the best foundation for a happier future.

Start by assessing your current lifestyle and what you’d be able to afford on your own. What’s your current budget and spending? How much will it cost you to live on your own? How much more will you need to get by? Will this come from child support, alimony, a new job? If child support or alimony, best get some help figuring out how much that will be. If you need a new job, will that require more schooling or training? Do you want to keep the marital home? If so, can you refinance it in order to keep it? Can you really afford it? Too often this is an overly emotional decision. Will the kids really be happier in their current house if you’re struggling to pay the mortgage and utility bills?

Finally, what do you want your life to look like in five, ten, twenty years? What other situations in your life have you encountered where you had to call on your best qualities to succeed? Which qualities will you need now to get you where you want to go? How will you define a “successful divorce”? How will you take care of yourself physically, mentally, and spiritually over the next difficult months to ensure that success?

# 2 Get Divorce Support

Now that you’ve taken stock and assessed what you’ll need. What kind of support will you need? A good therapist for emotional strength? A Certified Divorce Financial Analyst (CDFA®) or a CDFA®-Mediator to help you plan financially and for what a realistic settlement will look like? A divorce coach to help with all the decisions you’ll need to make along the way? A lawyer if you think litigation is inevitable?

A piece of advice, your first phone call should not be a lawyer! Assess your alternatives and ask for support where applicable but don’t assume you’ll need a lawyer for your divorce.

#3 Protect Yourself Financially

You will need to prepare for divorce and set some things up financially before your spouse is aware that you want a divorce or has reason to make life difficult for you. Start by opening your own checking and savings accounts and make sure there’s enough in them to get you by for two or three months. Get your credit report and start monitoring it periodically. Apply for a credit card or two in your own name. Last, consider you will, as well as beneficiaries on investment accounts and insurance policies. You should make appropriate chances in case something happens to you.

The divorce process can be scary and overwhelming. Starting with a plan and professionals that you trust to guide you through the process can be key in making sure you’re ready for you future. If you’re thinking about divorce schedule your complimentary divorce strategy session where we’ll explore your options and connect you with any resources you might need.

Do I Need a Lawyer for My Divorce?

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Divorce is a life changing decision full of emotional and financial disruption. So when it comes to how you want to handle the ins and outs of asset division and custody arrangements, it’s important to weigh your personal circumstances carefully before committing to working with a family divorce mediator or a family lawyer.

While it’s true that most divorces don’t need to go to court and that divorce mediation has become a tried-and-true practice for modern divorce, sometimes hiring a family lawyer is a smart call.

1.   Your Divorce is Contested

Divorce is often a sticky topic. The emotionally charged aspect of divorce can cloud judgment and drag out the process. These are the types of divorces that need court intervention and are usually the most difficult ones.

If your divorce is contested, you, your soon-to-be-ex, or both of you have differences that make it impossible to reach a divorce agreement on your own. Generally, settlement negotiations try to find middle ground and carve out an equal division of shared assets. When a settlement agreement can’t be reached through a collaborative private negotiation, it’s settled in divorce court.

2.  Emotional Hang-ups and Attachments to Possessions

A divorce might seem amicable and uncontested when the paperwork is filed and in the initial talking phases, but emotions can really derail the process. Sometimes, this can involve an irrational attachment to shared possessions.

While both parties may believe that the best possible course of action for the future is divorce, this doesn’t make the act of divorce any easier. Emotions can often steamroll logic. Divorces that drag on become expensive. If you find that your emotions are overtaking reason, it’s probably best to work with a family lawyer. 

3.  Custody Disputes

Divorce is often a sticky topic. The emotionally charged aspect of divorce can cloud judgment and drag out the process. These are the types of divorces that need court intervention and are usually the most difficult ones.

If your divorce is contested, you, your soon-to-be-ex, or both of you have differences that make it impossible to reach a divorce agreement on your own. Generally, settlement negotiations try to find middle ground and carve out an equal division of shared assets. When a settlement agreement can’t be reached through a collaborative private negotiation, it’s settled in divorce court. 

4.   When Mediation is the Right Choice

Family divorce mediation is a great choice for divorcing couples who are able to manage and sort out the emotions surrounding their divorce. If you are filing an uncontested divorce, then mediation can save you stress, time, and money.

Divorce mediators are knowledgeable in family law, and many professionals bring valuable legal and financial expertise to the negotiating table. Be sure to educate yourself on the mediation process and familiarize yourself with the services mediators offer. A divorce mediator can be a lawyer, a Certified Divorce Financial Analyst (CDFA®) or other appropriately trained individual. Be sure you understand the differences in your alternatives and which would be best suited for your case. The decision of choosing a family lawyer or a divorce mediator is a personal one. Asking the right questions can help you set reasonable expectations and make a decision on whether or not a mediator will meet your professional needs.

Is mediation right for you? Visit our website to schedule a free divorce strategy session online with TruNorth Divorce Solutions.

 

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484.321.6990

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5 Interview Questions for a Divorce Mediator in Annapolis

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 So, you’ve decided to seek a mediation for your divorce, and you’re exploring local options. With emotions running high, picking a divorce mediator in Annapolis can seem like a daunting task. The professional you decide to work with needs to hold a level of your trust—after all, they will be helping you and your soon-to-be-ex-spouse navigate the murky waters of divorce.

Choosing a mediator that fits your needs is a careful decision, it’s a good idea to do your homework ahead of time. Thinking about the types of things you might ask a professional mediator before you make the decision to commit to one is a good way to prep for an initial consultation. TruNorth Divorce Solutions has put together a quick list of questions that you might want to ask your prospective mediator.

1.     How do you define success? How do you facilitate this during the mediation process?

This is a great question to ask during your initial meeting with a professional divorce mediator because odds are that this is the first time you’ve sought out a divorce mediation and are unsure about how the process works. Mediation is a collaborative effort between you, your ex, and the mediator you choose to work with.

It’s important to outline expectations before the mediation process begins, and this question can really flush out some of those expectations. Ideally, you want to work towards a divorce settlement that both parties are happy with. Your prospective mediator may go into detail about their strengths and what they bring to the negotiation table.

 

2.     What is your success rate?

This is a great follow up question to ask in tandem with how your mediator defines success. The answer to this question can provide some much-needed confidence and really influence your choice.

The mediator will probably touch on the depth of their experience in the industry and how many divorcing couples they have worked with. They might also have some metrics (i.e., that they have successfully mediated XX divorces in the Annapolis area for X years) of success to share with you that reflect their professional expertise. They may even share some relevant anecdotes.

 

3.     How much does mediation cost?

Ah, the price tag. An important question. Make sure to get these details during your initial consultation. Your mediator may bill hourly or have a flat rate mediation fee. While one divorce mediator in Annapolis may charge $1000 an hour for their services another may have a flat rate fee for services of $7000. Don’t make assumptions and ask for rates up front.

Remember, price isn’t always the main consideration behind choosing a mediator and shouldn’t necessarily deter you. While it is important to stay on budget, you should also consider the level of skill and expertise that the mediator has to offer.

 

4.     How long is each mediation session/how long does mediation typically last?

Another great question to ask your divorce mediator is how long each session will last and how long the process takes overall. These questions can be particularly salient if your mediator bills by the hour. 

 The answer to this question also gives you an idea of how much time you will need to carve out of your schedule for the mediation process. You can also ask about whether your mediator holds private sessions (depending on your circumstances) and other questions surrounding the level of commitment expected of you.

5.      What do your services include?

Being unfamiliar with mediation, you probably want to ask about what is included with their services. Is the mediator drafting up divorce settlement documents for you? Will they be filing them on your behalf? Will you have to pay additional court costs or those included? Asking this question up front will help give you a clear picture of what to expect of your mediator. 

Any reputable mediator would welcome these questions during your consultation, so you shouldn’t hesitate to ask. Looking for a divorce mediator in the Annapolis area? Contact TruNorth Divorce Solutions for a free divorce strategy session. 

 

 

Get A free Consultation

Schedule Now

484.321.6990

hello@trunorthdivorce.com