The end of a marriage will inevitably bring about change in the lives of everyone involved. If you are going through a divorce, you probably have enough stress on your plate as is, and concerns about how the outcome will impact your financial future may do little to ease the situation.
During your marriage, you may have incurred some debts with your spouse. Perhaps you have a mortgage, a car loan or two, and credit cards, along with other financial obligations. While things are good, you both work together to make the payments on your debts and enjoy the fruits of those labors.
You may be facing an upheaval of Titanic proportions. You thought you had everything figured out, but then reality started to creep into your life. Your marriage isn't working, and now you are looking at divorce.
Throughout American history, divorce rates have fluctuated, yet steadily trended up. In 1969, then Governor of California, Ronald Reagan, enacted the nation's first no-fault divorce bill. Many pundits marked this as the start of the "divorce revolution," with 49 states passing similar measures by 1985. With the laws that bound husband and wife partially dismantled, the nation's divorce rate more than doubled over the next twenty years.
As an experienced New Jersey Divorce Lawyer I am often asked about the differences between contested and uncontested divorces. If it's a contested divorce, that generally means you're going to have a trial and you're not going to have an agreement on the issues. For example, agreeing to a term of years of alimony and an amount, agreeing to a custody parenting schedule. An uncontested divorce is going to be a divorce action where you have an agreement, meaning you have a document, you've signed, you've negotiated it, you've gone back and forth, and you're going to submit it to the court for a judgment of divorce. In contested divorce, you're going to submit your position and you're going to ask the court to have a little trial and make a determination for you. I always say to people, "You want to control what you can control, so control your own resolution and negotiate it." There's three things to remember when you're in that process of this divorce. One, settle your case. Two, settle your case, Three, settle your case.