Navigating Divorce: Essential Considerations and Guidelines
I. Spousal Support:
Guidelines: Are there state guidelines for spousal support? Have they been considered?
Amount: Have you agreed on a specific amount or formula for spousal support?
Duration: Has the duration of spousal support been determined (e.g., temporary, fixed term, until a certain event)?
Review and Modification: Is there a process for reviewing and modifying spousal support in the future?
II. Child Support:
Guidelines: Are there state guidelines for child support? Have they been considered?
Amount: Have you agreed on a specific amount or formula for child support?
Payment Method: How will child support be paid (e.g., direct deposit, wage garnishment)?
Medical Expenses: How will medical expenses for children be handled?
Educational Expenses: How will educational expenses for children be handled?
Extracurricular Activities: How will extracurricular activities for children be handled?
III. Division of Assets and Debts:
Inventory: Have you compiled a complete inventory of all marital assets and debts?
Valuation: Have all assets and debts been valued?
Division: Have you agreed on how to divide all assets and debts?
Real Estate: How will the marital home be handled (e.g., sold, divided, one spouse keeps it)?
Retirement Accounts: How will retirement accounts be divided?
Debts: How will marital debts be divided?
IV. Child Custody and Visitation:
Custody Arrangement: Have you agreed on a legal and physical custody arrangement for children?
Visitation Schedule: Have you agreed on a specific visitation schedule for the non-custodial parent?
Decision-Making: How will major decisions regarding the children be made (e.g., jointly, by one parent)?
Holidays and Special Occasions: How will holidays and special occasions be handled?
Travel: Can you leave the country with your children? What type of arrangement do you want to make?
Communication: How will the parents communicate with the children?
V. Other Issues:
Tax Implications: Have you considered the tax implications of the settlement?
Life Insurance: Do you need to maintain life insurance to secure child support or college costs?
Health Insurance: How will health insurance be handled for children and spouses?
Name Change: Will either spouse be changing their name?
Attorney Fees: How will attorney fees be paid?
Mediation or Arbitration: Is there a provision for mediation or arbitration to resolve future disputes?
VI. Review and Approval:
Have both parties reviewed the agreement with their own attorneys?
Is the agreement fair and understandable to both parties?
Have both parties signed the agreement in front of a notary public?
At the law offices of Rashad Law we are able to help you navigate the complexities of all of the issues related to divorce, custody and much more. Give us a call today at 516-8064140