Before and during a divorce, people often voice concerns about how the terms of their final order could impact their lives. From how child custody will work to adjustments in lifestyle, a divorce will certain bring significant changes to your life. If you are about to initiate this process or you plan to in 2019, it may be beneficial to start preparing for the process ahead.
You may know that Jeff Bezos, founder of Amazon, and his wife are getting divorced. There are billions of dollars on the line in what could be the most expensive divorce in history, but there are many lessons an average person can learn from their situation. In fact, looking at a high asset divorce such as this one can help you understand how property division works and the expectations you can have for your future.
Things to know before you move forward
You may not have millions or billions of dollars to worry about in divorce, but you still want to pursue a final order that allows you to have stability and security well into the future. The financial decisions made during this process will affect you for years to come, and it is in your interests to set emotions to the side and keep your focus on what will be best long term.
In the Bezos divorce, financial issues and property division can be a remarkably complex process. Whether it is in a settlement or in litigation, it will be a tedious process to determine what is equitable for both parties. You may not be wealthy or you may not think your divorce will be financially complex, but it can be beneficial to remember the following:
- Take account of all of your retirement savings accounts, and consider various realistic scenarios of how you and your spouse will divide these assets during divorce.
- Keep careful financial records until the divorce is final, and gather important financial information and documents.
- Review your premarital agreement, if you have one. If you do not have one, start identifying and documenting important assets that are separate property.
It is normal to have concerns about how the property division process in divorce. You may want to discuss your concerns and get answers to your questions before you move forward, which you can do by reaching out to an experienced Wyoming family law attorney. You can take steps now to help you succeed in your quest for a strong post-divorce future.