Zuba & Associates, P.C.

Preparing for divorce settlement negotiations a good idea

Often people assume the most difficult part of a divorce is signing the papers or coming to terms with the end of the relationship. According to some experts, however, the most challenging part of the divorce is often dealing with the particulars of the settlement itself. Illinois residents facing divorce are urged to be prepared in advance to spare themselves some of the hardships associated with making a divorce legally binding.

Dealing with financial paperwork is often thought of as being top of the list in terms of priorities when preparing for a divorce. Establishing separate bank accounts, as well as a possible escrow account for interim family costs, can go a long way towards building an independent future. Additionally, determining liability for existing debt before entering the divorce process can smooth the transition considerably.

Calculating costs associated with children can also be helpful. Tuition, health coverage and other charges can add up, and having a plan to deal with them alongside one's former spouse can keep from having all of the pressure placed on a single individual. And, of course, it is necessary to consider the question of child support and child custody well in advance of starting the negotiation, in order to help spare children from some of the most challenging decisions involved in a divorce proceeding.

Divorce is never easy, as many Illinois residents are already aware. However, the process can be made easier if both parties come to the negotiation table with a thorough understanding of what will be required of them, and hopefully as many agreements in place as possible before pen touches paper. This can smooth the road to a new life for both parties and any children involved.

Source: Huffington Post, "We're Getting A Divorce, Now What?" July 29, 2013

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Zuba & Associates, P.C

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6067 Strathmoor Drive
Rockford, IL 61107

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