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Divorce: Should you sell the house?

So, you've decided to move forward with divorce. This will impact your life in many ways, and one of the most significant changes will be to your finances. You will have to adjust your lifestyle and make other changes in order to suit your new situation. Despite these things, you may want to try and keep your family home in your divorce.

Your house is probably the most valuable asset you and your spouse have. Deciding what will happen to the house is one of the most common sources of disagreement in a divorce, but you may think that it will be best for you and your children to remain in the home. If this is the right choice, there are multiple things you will want to consider before you move forward.

An introduction to mediation and collaborative law

Whether your marriage is months, years or decades old there may come a day when you and your partner decide it is time to go your separate ways. There can be many reasons behind this, or just a single reason. Either way, if you and your soon-to-be ex-spouse are communicating well before and during the split, your divorce could be a candidate for alternative dispute resolution. "ADR" is not right for everyone, but it could be a good option for many approaching a divorce case.

Alternative dispute resolution is an umbrella term for collaborative divorce processes. Mediation is one of those divorce processes, in which a negotiation between the parties is facilitated by a neutral third-party, but not decided by that third-party. It allows the parties to speak directly with each other in order to communicate and to come to a resolution that they both can agree on. Negotiating often goes on between the parties, but they may include their own counsel with them during these mediation conversations.

The benefits of prenuptial agreements

Prenuptial agreements are oftentimes misunderstood and provide a variety of advantages for couples who are considering marriage. Prenuptial agreements can protect the interests of both parties entering the marriage and are not just for couples with a significant amount of assets or for only the wealthy to consider.

Prenuptial agreements include the benefits of financial planning and clarifying responsibilities during the marriage, ensuring the new spouses are protected from the debts of the other and can also provide important protections for children from previous marriages or relationships, especially if a marriage comes later in life. Prenuptial agreements can help clarify how assets should be handled in circumstances of death and can avoid time-consuming and expensive disputes in the event there is a divorce.

What is sole custody?

Divorce is a difficult life event. However, it can mean more than just a failed marriage. It could mean the splitting of a family. When children are involved, it is important to think about what is best for the child. No two families are alike, and the needs of each parent and child are different. In matters where domestic violence was present or there are safety concerns, joint custody may not be the most suitable. In these situations, seeking sole custody may be in the best interests of the child.

While it is not as common, sole custody is often sought in matters that involve domestic violence, child abuse or substance abuse problems. Unlike joint custody where each parent has legal and physical custody of the child, sole custody awards both legal and physical custody to one parent while the non-custodial parent has neither legal nor physical custodial rights of the child.

Divorce tips to help you avoid future complications

Divorce is a complex, emotionally charged process, and it is not always easy to make smart choices during this time. When both parties are amicable and resolved to work together on a reasonable, mutually beneficial agreement, it can make the process smoother and less stressful, but it is still necessary to work to protect your rights. Being prepared for what is ahead can make it easier to complete your divorce.

Most people spend several thousand dollars during the divorce process, even in non-litigious divorces. If you are concerned about finances, you can take steps that will reduce your costs and save time. In your effort to do this, you may find that you can reduce your divorce-related stress and anxiety as well.

Wendy Williams files for divorce from husband of 22 years

Some marriages cannot stand the test of time. Even if a couple has decades of a happy marriage, this does not safeguard a couple from encountering marital problems. No matter the reason or cause for dissolution, ending a marriage can be a very emotional and complex time. This is especially true for those seeking to protect assets and property from being divided during the process.

Recent reports revealed that talk show host Wendy Williams filed for divorce from her husband of 22 years. It is speculated that this decision is based on infidelity on his part. Rumors have circulated about these cheating allegations, claiming that he fathered a child with his long-time mistress.

Requesting modification of a child support order

When an unmarried father establishes his parental rights in Texas and elsewhere, this involves much more than just custodial rights. While it is important to focus on the physical time a parent has with a child, it is also important to consider the financial side of things. With child custody comes child support. And while this is important to fulfill this financial obligation, it may prove to be difficult to continue to meet this obligation.

Because jobs and come and go, the ability to pay child support can come and go for some fathers. Thus, it may be necessary to seek modification of a child support order. In the state of Texas, one is eligible to seek modification if it has been at least three years since the order was established or last modified or the monthly amount of child support differs by 20 percent or $100 from the amount that would be awarded.

What can and cannot be included in a prenup?

Marriage can be complex. Nowadays, when two people decide to get married, it is a huge operation. However, the union itself is simple. Two individuals are bound legally. This can sound rather worrisome, as many couples enter the union with valuable assets of their own. However, there are ways to address this, such as including a prenuptial agreement in the marriage.

A prenuptial agreement or a prenup is a legal document that essentially outlines what will happen if a divorce occurs. While this document can dictate very specific details, it cannot address all areas of concern. There are some restrictions for a prenup, and if they are not followed, they could invalidate the document.

Digital divorce could be as important as a physical divorce

If you are facing divorce, you probably know what is in store for you in the near future. One or both spouses will move out of the family home, children may move between parents and you will have to figure out what your financial life looks like during your separation. During this time of transition, you will also have to file paperwork and pursue a divorce order that allows you to have a strong and stable future. 

In the midst of all of this, it is easy to overlook a few things. However, one of the things you would be wise not to forget to do is a digital divorce as well. In today's world, divorce involves much more than just a division of property, finances and time with the children. It also requires a deliberate extrication of intertwined digital lives and assets.

Helping you understand the benefits of a prenuptial agreement

Every marriage is different. Some couples just dive into the process, believing that their love is strong enough to keep their marriage going. Others seek to talk things out before entering their union. And even some prefer to take the time to talk things out and plan for the future and if the marriage ends in divorce. Although it is not a romantic topic to discuss before marriage, deciding on a prenuptial agreement can help the couple address potential divorce issues if the marriage fails.

Although it is commonplace to have a prenuptial agreement to address a divorce if one were to occur in the future, this is not always the case. Some couples use a premarital agreement much like one does a financial plan. Today, more and more couples are worried about their finances and protecting them the moment he or she gets married.