Whether you should end your marriage is one of the most important and difficult decisions you will ever encounter. It is important to approach the question from a rational perspective rather than solely an emotional one. In many ways it is a business decision that requires you to evaluate many issues. Once you review this list of questions, you may rethink the direction you are headed, or you will be better prepared to move forward while working with a family law attorney at Alley Register & McEachern in Wilmington, NC.
- Who will the children live with?
- Will there be shared custody?
- If they live with your spouse, how often will you be able to visit them or how often will they be able to stay overnight with you?
- How will you and your ex-spouse make decisions about the children, such as their health, education and welfare?
- Who pays for the children’s living expenses? Their education? Travel?
- How are the children’s expenses paid for and by whom? Are they shared?
- What about spousal support? Will you receive it or need to pay it? How much and for how long?
- Will the support payments to be made by one of the parties to the other? Will either of the other parties’ support or the support of their children increase or decrease in the future due to the changed financial circumstances of either of the parties, economic conditions or other factors?
- Who will be entitled to claim the children as exemptions for income tax purposes?
- Who will live in the marital home during the divorce process?
- Will one of the spouses keep the marital home or will it be sold? How will the proceeds be divided?
- If someone keeps the home, will one of the parties deed their interest in it to the other?
- If you decide to sell the home, will both spouses be involved in the sale and closing? Who decides the selling price or if a broker will be used?
- Who will be responsible for major repairs and the costs of preparing the home for sale?
- Who will be entitled to deduct the mortgage interest charges and real estate taxes for income tax purposes?
- Who will be responsible for any income (capital gains) taxes which may be imposed as a result of the sale of the home?
- Will you keep life insurance for the benefit of your children?
- Who will be the beneficiary of such insurance?
- Will either party be obligated to provide medical or other insurance for the benefit of the other and if so, for how long?
- Will either party be obligated to provide medical or other insurance for the benefit of the children and if so, for how long?
- Who will be responsible to pay for any medical, dental, drug or hospital expenses of the children that are not reimbursed by any policies of insurance that either of the parties may have?
- Who will be entitled to receive any refund that may be due on any past joint income tax returns filed by the parties?
- If there is a deficiency on any past joint income tax returns, who will be responsible for it?
- If you file joint income tax returns for the present year who will be responsible to pay any taxes due and who will be entitled to receive any amount refunded?
The above list is not exhaustive but it does give you an idea about the issues that should be considered.
Speak to a Divorce Lawyer
It is always in your best interest to consult with a family law attorney at Alley Register & McEachern in Wilmington, NC to make sure you understand all the relevant issues and their legal impact on you. It’s in your best interest to think rationally and strategically about this enormous emotional issue in your life.