Littleton Divorce Law Blog

Divorce is usually a very complicated process that leaves you emotionally stressed and sometimes in a financial bind. While in the middle of proceedings, people often look back and think "I wish I had known this or that at the beginning. Not that knowing these things would have resulted in the marriage lasting, but because they would have been better prepared for the challenges along the way.

If you are considering a divorce, there are things you should keep in mind from protecting your finances to getting the right kind of advice. An experienced divorce attorney in the Littleton area can answer all your questions and help you take the first steps toward a new life. Read further to find out what you should know before heading down the road to divorce.

Parents typically want to provide for a comfortable and safe future for their children. This is often a significant factor in why individuals create an estate plan or last will well before they expect to pass on. That way, in case of a sudden medical event or accident, your family will be protected.

When your child has autism, it is even more important to take steps to protect him or her after you pass. Although autism is a spectrum, a substantial number of children who have autism will continue to need special care and guidance throughout their adult life. This knowledge can weight heavily on parents.

Do you have a will? If you don't, you are not alone. Roughly half of Americans do not have a will, according to a new survey. The reasons for not having a will include common responses like not having time to make one, not wanting to think about their own death or thinking they don't need to have one yet.

Dying without a will can leave your family and estate in disarray. This is especially true if you have minor children or specific wishes for what you want to happen to your estate. Your family will not be aware of how you want your estate distributed or who should receive your assets and possessions after your death. Instead, the state will be in charge of distributing your assets and deciding who will care for your minor children.

Many people need help managing their personal finances during divorce. A new survey found that more than 75 percent of people near retirement do not know how to manage their finances, according to the American Institute of Certified Public Accountants. This is because in most relationships, only one spouse is familiar with their financial plans, leaving the other spouse scrambling to learn and understand how to plan for the future.

In addition to reviewing your financial plans during divorce, it is important to consider the full financial implications of divorce. This includes learning about the tax implications of divorce and how your retirement accounts will be divided under current laws. Evaluating these issues is vital to ensure your new financial plan addresses all issues before your start your newly single life.