During a divorce, asset division is almost always the most complex and fraught part of proceedings, if only because both spouses are very invested in fairness. However, the process can take on an even more personal bent if one of the marital assets is a spouse’s professional practice—as a doctor, dentist, attorney, and the like.
A divorce makes for a very unpleasant experience in a couple’s life. Financially and emotionally, these times can be very difficult. However, effectively communicating the provisions following the finalization of a divorce can make the process easier, and several factors need to be determined with regard to spousal support.
We are all familiar with the idea of an unhappily married couple “staying together for the kids.” If you know someone living such a reality, you may come away from interactions with that person or couple shaking your head wistfully, looking forward to the day when your friend can be happy again. If, however, this describes your own marriage, you should know that, in many cases, living with two parents in a bad relationship can actually be worse for your children than dealing with their parents’ divorce. It might be hard to believe, but, depending on your situation, you may need to consider divorcing “for the kids.”