There are many thoughts that couples have when they decide to get married. In many cases, this may revolve around whether to have children and where they wish to live in the future. However, what many don’t consider is the possibility that filing for divorce may become a reality in their future. The idea of planning for a divorce may seem counter-intuitive, but it may prove beneficial for those seeking a divorce in Georgia.
Couples seeking a divorce should first have a detailed list of what they own and make any necessary copies of financial documents showing ownership. Collecting this information can prove highly valuable in the near future. Those facing a divorce may also want to consider the possibility of creating a saving and budget plan, in addition to keeping a watchful eye on any credit they may have.
Divorces have the potential to be expensive, so it may be wise to consider saving for this future expense. An additional expense may be the familial home, and it may be more financially beneficial to an individual’s future to sell the home. Additionally, there are alternatives to litigation that can make a divorce less expensive, thus saving couples money.
Planning a marriage and merging two lives together requires a lot of physical, emotional and financial investment. However, dividing that union can mean future fiscal consequences that can potentially be avoided. For Georgia residents, the importance of avoiding unexpected and possibly expensive commitments in the future can be one of the many benefits of planning a divorce.
Source: The Wall Street Journal, “How to Plan for a Divorce“, Veronica Dagher, Sept. 6, 2014