Texas Divorce Start Your Divorce Find Professionals Texas Articles Divorce Facts Divorce Grounds Residency Divorce Laws Mediation/Counseling Divorce Process Legal Separation Annulments Property Division Alimony Child Custody Child Support Divorce Forms Process Service Grandparent Rights Forum Texas Products Divorce by County
Asset Division in Divorce - What About Tomorrow?
Right now, this year, more than ever before; working men and women are facing the long-term financial effects of failed marriages. What can you do today if you are separating assets, because of a divorce?
First, recognize that since you are emotionally tied to many of the assets to be discussed, that you may need the help of an expert such as a Certified Divorce Financial Analyst™. A CDFA™ is a professional who can work as a neutral financial expert. This advisor is invaluable when it comes to navigating through the personal issues associated with the asset division process and looking beyond the current settlement. A CDFA™ can show you a projected outcome of your financial settlement, 5, 10, or 20 years down the road.
Second, be realistic. Attempt to represent your pre- and post divorce finances accurately and in a legitimate way. Manipulating the facts will only serve to create an atmosphere of distrust and antagonism. This is not only counter productive financially, but the effect on children exposed to feuding parents can be traumatic.
Third, gather your personal, professional, as well as monetary assets to help you face your financial future. Take good care of your self physically and surround yourself with positive people. You may need to get a job, or further your career by continuing your education, obtaining an additional certification or simply letting your boss know that you are ready to tackle a position with more responsibility. Those job moves will most likely result in an increase in income. Also, looking at your assets as a complete financial picture will help you to see where you are secure and where you need to make positive changes.
A CDFA™ can guide divorcing couples through this process of equitably separating their assets. Remember, the goal of a Certified Divorce Financial Analyst™ is to create two financially viable households to meet the needs of all the members of the divorcing family, today and tomorrow.
Texas requires that divorcing spouses try mediation before going to trial. Spouses can request a jury trial, but generally a judge decides the trial rather than a jury. Mediation is an ideal way to prevent the element of surprise that comes with taking a divorce case to trial. Many judges will tell you that a divorce trial has no winners, because the outcome is rarely in favor of just one party.
Easily Connect With a Lawyer or Mediator
Have Divorce Professionals from Your Area Contact You!
Established in 1996
Copyright© 1996-. All rights reserved by MH Sub I, LLC dba 3StepDivorce.