Cooperation: The Key To Starting Your New Life On Solid Financial Footing
Unless you're one of the few people in this world that doesn't have to worry about money, your divorce can create a world of financial difficulties that didn't exist before. After all, you'll likely have to maintain two residences for some time while both you and your spouse figure out what financial independence looks like. There might also be a period where one of you has to undergo occupational training--making maintenance payments a reality.
The most important indicator of success during this time is cooperation. If you and your ex-partner can work together, you'll improve your chances of moving into your next phase without major financial issues. Unfortunately, circumstances can make that difficult. A few simple tips can help, though.
Have Conversations
It's normal for couples to withdraw from each other during the divorce process. Anger, tension, and hurt feelings are common. That said, the truth is that neither of you can afford to be silent during this period--your financial future depends on your ability to work together to achieve a positive outcome.
Schedule recurring times to speak with each other specifically about your divorce. If you're no longer living in the same home, determine whether a phone call or a visit is appropriate. In the event that the divorce is contentious, always defer to the advice of your legal professional--but remember, the chances of your divorce working out for both parties goes up when you work together.
Design Your Plan
There are going to be financial burdens that you'll have to face after your divorce. You'll likely have to set aside money for child support, maintenance, and a second residence--adding thousands to your combined financial obligations each month. If you just wait for the ruling to determine what your action steps are, you'll be in bad shape.
Decide in advance what type of residence you both can afford. If you were not the primary breadwinner, determine if you'll need to find additional employment or work with your current employer. Start these plans in motion immediately, so that you'll be ready to move when the day arrives.
Take The High Road
The easiest way to make a divorce turn ugly is to undermine existing relationships. Both you and your ex likely have shared friends and relationships with each other's family. It's important that you work to avoid ruining these relationships for each other.
You'll probably want to use your friends and family as support, and that's fine. However, avoid sharing specific details that paint your spouse in a bad light, even if it helps you deal with the situation. This is particularly true in the event that you have children. You'll find that cooperation and collaboration is much easier as a result.
Divorce is never easy, and the financial issues that can pop up make it even worse. That said, by keeping the focus on working together through this difficult time, the two of you can begin to create the life you crave without undue financial hardship. For further assistance, contact a local divorce attorney.
