Getting your alimony payments all at once in one lump sum rather than spread out over several years has many benefits, such as avoiding non-payment issues and being able to get married whenever you want without fear of losing the money. This option is not without its drawbacks, however. Here are two issues you'll run into when opting to get a lump-sum alimony payment you need to be prepared for.
Adding up the costs of divorce, you cannot help but realize that the greatest share of that cost is what happens to the family structure. Divorce can also bring financial changes to both spouses that inevitably will trickle down to affect the children. Keeping in mind that advance knowledge can help you be better prepared for these changes, read below for an overview of the main categories that most all divorcing couples will need to deal with sooner or later.
Do you have children and plan to get a divorce? If so, the issue of child support will likely come up at some point. Some divorces are amicable, and others are "nasty." There are varying factors that can impact the amount of child support that will be paid and which parent will be responsible for paying it. Sometimes neither parent has to pay child support. This might be the case when a divorce is final.
Mediating issues as a way of resolving problems in various fields is nothing new and even divorce mediation is gaining popularity. As a matter of fact, some states now require that couples go through mediation before they can take their divorce cases to court. Whether required or not, saving time, money and, stress is a very good thing. Read on for what you should know about divorce mediation.
Mediators are not lawyers, but they are experts
Many people going through divorce wonder whether they need to tell their lawyers everything. You may be wondering the same thing if you are going through a divorce and have some skeletons in your closet. Well, the answer is that you should tell your lawyer everything, and here are the reasons for this piece of advice:
It Will Eventually Be Discovered
Very few things stay hidden during a divorce, especially a litigated divorce that goes through the discovery process.