Putting a stop to a marriage is not something that happens overnight. Most times, the relationship would have been deteriorating for a long time. Also, divorce does not happen in an instant, it is a process. It is also important to note that the good time to divorce is relative, and there is no perfect answer for this question. However, there are some key considerations to keep in mind when deciding whether or not it’s a good time for a divorce
When Is a Good Time To Divorce?
When to see a consultant?
If your marriage isn’t going well, you’ve grown apart from your partner, and you’re always fighting or you’re simply unhappy in your union, it might be time to consider talking to a consultant. It’s difficult to tell when the right time for this will be. But once the thought of ending your marriage crosses your mind even remotely, then you should schedule an appointment with a divorce attorney and a financial consultant. There’s no universal approach to a divorce, so it makes sense to have a full understanding of your situation in order to guide the next steps of your decision-making.
Considering the financial implications for your divorce
Divorce & finance are intricately tied. A key question to answer in the lead-up to a divorce is the potential impact of the situation on your finances. Divorce in itself is an expensive process. Assets of couples are usually tied together and unless there is a prenuptial agreement that stipulates how assets and liability will be divided, figuring out how to untangle everything might be difficult. This is a major factor that may stall or keep you from going through with the decision.
When to delay your divorce
There are several reasons why you might want to delay your divorce and not go through with it right away. However, that doesn't mean you should. You may be tempted to delay your divorce due to some unresolved emotional issues (hopes that the marriage may still be salvaged), consideration for the kids, health insurance, ill-health of a partner, or a bad financial situation. Most people would prefer to wait till all of these are properly settled before moving on with a divorce, however that isn't always the best decision and why speaking with a Financial Divorce Consultant is helpful in this decision making process.
Be aware of what your spouse is doing leading to a divorce
This will be quite valuable in making your decision to proceed with the divorce process. Understand the financial position of your partner. Are they in debt? What is their current job situation? How much do they earn? And so on. You should also consider where they are physically and mentally.
Whatever timing you choose to get a divorce, it is important to locate a financial divorce consultant that can help you through the process. Getting a divorce is never easy, but you can simplify things considerably when you have access to vital information. If you’re considering the idea of getting a divorce in Connecticut and surrounding areas, but you’re unsure of when to divorce, you should contact The Financial Sherpa for professional financial advice to help understand your financial position and that of your partner.