Deciding whether to file for divorce is likely to be a very difficult and emotional process that sometimes lasts over a significant period of time. You must consider many different factors in making this decision, such as your children, your home, your finances, and your emotional and physical well-being. In some cases, consulting with a therapist or counselor, either individually or with your spouse, may give you some insight into the appropriate decision to make in your situation.
First, you should be sure to consider the pros and cons of both divorce and legal separation. For some individuals, legal separation may be a preferable alternative, perhaps due to religious or cultural concerns. You should be sure to understand the difference between the two different options and determine which is preferable in your situation.
You also should take some steps related to your finances, even if you only are at the stage of considering divorce. Establish credit in your own name by opening a separate bank account and credit card. Take inventory of your current assets, such as the value of your home, the value of any retirement accounts owned by either spouse, and the value of your vehicles. At the same time, take inventory of your debts. How much is the balance on your mortgage loan? What are the monthly payments? How much do you owe on your vehicle loans? Do you and your spouse have credit card debt? Do you or your spouse owe student loans? These are all questions that you must ask yourself as you inventory and get a clear picture of your assets and debts.
From a financial perspective, you also should look at your income and determine whether you are able to afford to stay in the marital home and still adequately support yourself and your children. You also should make a clear plan to pay down any debt as quickly as possible, which will benefit you and your spouse in the future whether you ultimately choose to divorce or not.
Divorce is typically difficult, stressful, and emotional for all parties involved. Contact the Law Offices of Vincent W. Davis & Associates today and let us show you how we can assist you with your California divorce case. Our attorneys focus their practice primarily on divorce, child custody, and other family law-related issues, no matter the complexity of the questions that your case may raise. We can answer your questions, calm your concerns, and help guide you through every step of your divorce proceedings.