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Divorce and property division popular New Year's resolutions

Pennsylvania spouses who are considering filing for divorce in the first few weeks of the new year are not alone. January has long been the most popular month of the year to file, for a number of reasons. Regardless of the reasons behind the decision to file for divorce, there are a number of steps that spouses can take to ensure the best possible outcome in terms of property division.

The first, and perhaps most important step may seem counter-intuitive when considering the eventual financial outcome of divorce, but in fact makes solid financial sense. It involves taking the time to make sure that divorce is the right choice in the first place. For some couples, marriage counseling or other forms of intervention can make the marriage work for both parties. In addition, there are instances in which couples begin the divorce process only to later decide to pull back and work things out. Taking the time to thoroughly determine whether divorce is the best course of action can save a great deal of money in the long term.

Once the decision has been made to move forward with the filing, the next step is to take a thorough assessment of the family's financial circumstances. In order to secure the most favorable property division outcome, it is essential to understand where things stand in regard to assets and debt. Gathering all important documentation before the filing can save a great deal of time and frustration once the process is underway.

The new year is a time when many Pennsylvania residents look to the future, making plans and setting goals for the coming year. This makes January a time in which spouses examine their marriages to determine whether the relationship is a positive or negative addition to their lives, and resolve to work toward change. When divorce is the best available course of action, being properly prepared can make a world of difference in regard to property division.

Source: wxyz.com, "January has long been a popular month for divorce filings," Lucy Carmel, Jan. 4, 2013

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