While our prior posts focused on managing the emotional and logistical pitfalls that may come about during divorce, we find it prudent to dedicate a few of our upcoming posts to planning for divorce. After all, the old adage “if you prepare for the worst, you can expect the best” isn’t far from the truth. Planning not only helps you put things in perspective, it can also identify and help you avoid tough legal and financial issues.
As such, knowing when to initiate the process is an important step. There are several points during the year where you should avoid serving your soon-to-be ex. This post will identify a few.
Right before your child’s wedding – The time before your child gets married is supposed to be a joyous time. Your child, and the families that will be joining together are in the midst of a celebration, and it should not be compromised by your marital discord or your desire for revenge. With that said, hold off on the divorce announcement until after the kids “I do.”
During a family gathering – With the holiday season is only a couple months away, now is an ideal time for a reminder that such an announcement is likely to put a damper on everyone’s mood, particularly children. There will be another time to start your new life. Think about why there are so many divorces initiated in January.
Before a bonus is awarded – Part of initiating a divorce is to set what is called a “valuation date” or a “separation date.” This date is important because it sets the final date where a spouse’s salary or bonus can be considered joint marital property, and thereby subject to division.
If you have additional questions about initiating a divorce, an experienced family law attorney can advise you.