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Tips for a less painful divorce

The end of a marriage is without a doubt very emotional and stressful. Virtually no couple ever gets married with the end in mind. However, that's exactly what ultimately happens to half of all marriages in New Jersey and across the United States. Spouses separate for a number of reasons, but regardless of the reason, divorce can be devastating. Here are a few tips to help those who may be going through this tough experience.

It may be difficult to think in this context, but it can be helpful to think of a divorce as the termination of a contract. Marriage is a legal contract, and divorce is a process to terminate that contract. It is always important to acknowledge and process emotions, but thinking of divorce as a business move can help to alleviate painful emotions commonly associated with divorce.

Common reasons to suspect hidden assets in divorce

Ending a marriage is an emotionally and financially complex process, and it can be especially difficult when one party is attempting to hide assets from the other. When a New Jersey couple determines divorce is the appropriate step for them, each party is required to give a full financial disclosure. This step ensures that the two sides each receive an equitable share of both marital property and debt shared by both spouses.

Hidden assets can lead to lopsided and unfair financial orders. When a person suspects that his or her spouse is attempting to hide money or assets for personal benefit, that person has the right to take legal steps to locate and appropriately value these assets. People attempt to move and hide assets by denying they have them, allowing a third-party to have them for a time or acting as though they lost those specific assets.

Tips to help prepare for the process of divorce

It is no secret that the end of a marriage can have a substantial impact on a person's future. However, how much a divorce will affect one's life may depend on a variety of variables. Individuals in New Jersey who wish to gain a better understanding of how to form a strategy to pursue a favorable outcome could benefit from seeking tips on how best to prepare for divorce proceedings.

Experts indicate that the first step to take when preparing for divorce is to take inventory and make a checklist of all assets. This can include obtaining information on financial statements, banking and investment accounts and real estate properties. Those facing a similar process may also find it advisable to consider including estate plans and insurance policies in their list, and organizing these documents prior to entering negotiations could prove essential.

Knowing what to expect from a divorce late in life in New Jersey

Dissolving a marriage can be an intimidating process and those who are going through a similar life event may face challenges that are unique to their situation. For instance, individuals in New Jersey who are entering retirement may have concerns that a divorce late in life could disrupt their plans for the future. Those who are facing a similar situation could benefit from seeking advice on the issues they might experience, as this may help them form a strategy on how best to approach the situation.

One area of concern for those who decide to end a marriage late in life pertains to the financial ramifications of a similar life event. Divorce will inherently impact this area of life, and for those who are living on a fixed budget, this will likely be of some concern. In addition, the cost of living may increase after transitioning to life on one's own, and taking steps to address these issues and form a plan on how to protect one's financial future could prove essential.

Obtaining the true value of a business prior to divorce

Upon deciding to dissolve a marriage, business owners in New Jersey and elsewhere may be wondering what will happen to the company in the process. If the business, or at least a portion thereof, is deemed marital property, it will be subjected to the process of property division during divorce proceedings. To prepare for what comes next, business owners may find it vital to obtain the proper value of the business.

Much like all other marital assets, obtaining the true value of a business is the first step to forming a strategy for property division negotiations. This process includes steps such as determining the overall value of the company's assets and liabilities and obtaining a record of previous earnings. Combining these steps with a projection of future revenue will help owners better understand the overall value of their company.

Keeping emotions in check during divorce in New Jersey

Going through the end of a marriage can be stressful, and the uncertainty involved in what will happen next could leave some individuals in New Jersey preparing for a heated battle. However, the process doesn't always have to result in a high level of conflict, and in some cases, such behavior may only make the situation worse. Those who wish to know how to keep control over their emotions during divorce could benefit from understanding what might trigger an emotional reaction.

To better understand the scenarios in which it might be more difficult to control one's temper, a person could benefit from taking time to consider the history of the relationship. For instance, any previous sources of conflict within the marriage could prove to be sensitive topics during legal proceedings. These sources can range anywhere from arguments over finances or fights over the children, and knowing what might prompt a reaction could be key to preparing to keep calm throughout the process.

Why do New Jersey couples file for divorce?

When a New Jersey couple makes the decision to move forward with ending their marriage, it is likely the result of much considering, weighing of options and discussion. Even when both parties agree divorce is the right decision, it is an emotional and complex process. While every situation is different, there are a few select reasons that play a role in many divorces, including those related to family and money.

One common reason for divorce is a lack of premarital preparation. Many couples forgo counseling and other steps that can help prepare for a successful marriage. Additionally, religious differences tend to put a strain on a marriage long term. Another common factor in the decision to end a marriage is lack of support from family, which can be stressful for parents with young children.

Federal workers may face child support enforcement actions

For those New Jersey parents who are coming out of the recent government shutdown, making good on outstanding financial obligations is a central focus. In some cases, expenses were accrued during the shutdown that must now be covered, which can throw a budget out of balance. For federal workers who fell behind on child support during the shutdown, fears of enforcement action may be weighing heavily on their minds. 

Some parents make their child support payments via direct deposit or garnishment. The agreed-upon amount simply comes right out of their paycheck on a routine schedule. When that paycheck has a zero- or low-dollar amount, the child support obligation simply cannot be met. 

Protecting mental and emotional health during divorce process

Ending a marriage is a complex process, and it can beneficial for people about to initiate this process to prepare themselves for what is ahead. Making the effort to do this can help a person avoid complications, additional emotional trauma and unnecessary stress. It might be helpful for someone in New Jersey about to file for divorce to take note of what other people wished they knew when walking through this process.

One thing people note about the divorce process is that it is a business deal, and it may be beneficial to take emotions out of the process as much as possible. People also note that it can be smart to think about the ways decisions will impact their children. Resentment and allowing emotions to dictate decisions does not always lead to smart choices that will be beneficial long-term.

Divorce: The link between financial stress and marital conflict

It might not be all that uncommon for married couples in New Jersey to experience hardships at times, especially where money is concerned. Financial stress can affect a marriage in various ways, and while the issues a couple experience could start out small, these issues can build up over time. Similar concerns could create a rift in a relationship that may ultimately leave a couple wondering if divorce is the healthiest choice for everyone.

Whether stemming from troubles with debt, or from struggles in meeting monetary obligations, financial stress can have a detrimental impact on a person. The strain of dealing with similar issues may lead to a variety of mental health concerns, such as depression and anxiety. Studies also suggest that these issues could also lead to bouts with eating or sleeping disorders, which can disrupt one's physical well-being significantly.