An Experienced Attorney Offering
Assertive, Results-Driven Representation

Consider the ways a divorce could impact your finances

On Behalf of | Nov 4, 2021 | Divorce |

It can be hard to feel truly prepared to go through a divorce case. For many people, emotions can really cloud the issues they need to address in the legal case, such as property and debt division, alimony, child custody and child support. For Mississippi residents who are preparing to pursue a divorce, it can help to sit down and actually think through all of the issues that might come up in your own unique legal case. A divorce can be a life-changing event.

Your divorce, your issues

The financial impact of a divorce can, in some cases, be quite significant. And not just because of the cost of filing the case and paying your way through the legal process. Those fees will be present, of course, but think of the ways your income will change, how your insurance coverage might change, how your savings might change – these issues, among many other considerations, should be at the forefront of financial decisions in a divorce case.

Part of the financial issue in a divorce case is to account for all of your assets. Needless to say, attempting to hide assets from this process should not be a consideration. Advocating for a fair split should probably be the priority.

But, how do you get to a place where you and your soon-to-be ex-spouse can agree on how assets and debt should be divided? As a recent news article noted, mediation can be helpful in many cases. Disputes usually only lead to more financial problems and burdens. Mediation could be a path toward resolving the financial issue in a divorce case, as well as the other issues in the case.