Blog

Why do I need to hire a divorce lawyer?

Going through a divorce is a life changing event. It is an uncertain and scary time. During the divorce, you will make very important decisions that will affect the rest of your life.

The assets you have acquired during the marriage need to be identified, valued and distributed. Your marital lifestyle will need to be defined.  This is so that an effort can be made to insure it is reasonably maintained. If you have children, custody and parenting time issues, child support and college contribution are primary considerations.

Because of these ultra-important issues, as well as the emotional impact and the complexities of the divorce process, it is important to have a lawyer. Not just any lawyer. You should have a lawyer who specializes in divorce law with whom you can talk to and trust. You should do some soul searching to determine what it is you want to accomplish from the divorce.  The right lawyer will help you reach your goals.

Most divorce cases eventually settle. It has been estimated that 96% – 97% of all divorce cases settle. Thus, it is really a matter of when will your case settle, not if your case will settle. You need to find a lawyer who will help navigate and negotiate a settlement that is in your best interest. Each settlement should be a fair compromise of all issues. By that, I mean both parties will be called upon to compromise – to give up something to get something in return. How quickly your case settles is largely a function of you, your spouse and the attorneys. Many cases can settle in a matter of weeks or months. Contested cases can take years to complete.

Mediation

A wonderful option in helping a client reach a fair resolution of their divorce is mediation. Mediation is a process whereby the parties negotiate, through an independent mediator, the terms of their divorce. Even when mediating, however, it is crucial to retain your own lawyer to assist you through the mediation process. I tell my clients that I must talk to them before and after any mediation session so that I am aware of what is being negotiated at the mediation session in order to provide feedback and suggestions. It is the client’s decision as to whether or not they want to participate in mediation.

There are many advantages to mediation. First, it is cost-effective. Second, it generally takes less time to resolve your case through mediation than litigation. Most importantly, though, is that you control the outcome of the case and you actively participate in the resolution of your own divorce.

Financial Records

A divorce is handled either through mediation or litigation.  Regardless, it is your attorney’s job and goal to assist you in the dissolution of your marriage. It is crucial to gather all financial records such as tax returns from the past 3 years, all brokerage account statements, stock information and stock option grants. A wonderful tool for this information is through the employer manual. It is important to obtain a copy of that document. Credit card statements and bank records are also keys to figuring out and analyzing income and spending.

The best divorce is an informed divorce.  A successful divorce happens when the terms are reached through compromises made by the clients. When you are part of the process and responsible for the settlement, you will feel better about the terms and will be able to take that first step into a happy post-divorce life.

Please contact me at jlawrence@lawlawfirm.com if you have questions about this post or any other family law matter.

Back to Blog
SHARE THIS POST:

Related Posts

Blog
The Advantages of Divorce Mediation

Reasons to Choose Divorce Mediation Over the Alternatives According to some sources, nearly half of all marriages in the U.S. end in divorce. Mediation results in a positive resolution in as many as 80% of all cases. Many divorce lawyers recommend mediation if possible because there are many advantages to this approach, including saving time…

Read More
Blog
Dealing With Taxes During Your Divorce

Planning for the Tax Aspects of a Divorce While divorce can be a challenging experience personally, emotionally and practically, the financial effects are some of the longest-lasting changes. Not only do you need to manage asset division and the resulting change to both parties’ finances, but you may also find it challenging to adjust to…

Read More
Blog
Is a Prenup or a Trust Better Advance Preparation for Divorce?

Prenup or a Trust? – Divorce-Proofing Your Assets When people in New Jersey decide to marry, they may not want to think about divorce. However, with more people marrying later in life, with established careers, as business owners or as parents of children from prior relationships, there are many good reasons to engage in financial…

Read More
Blog
Preparing for the Realities of Divorce

Meeting the Challenges of Divorce Dealing with an unhappy marriage can be painful and difficult. Whether there are severe conflicts or simply a growing apart over time, divorce is always challenging on personal, emotional and financial levels. While spouses in New Jersey know that divorce is a significant undertaking, it can be more difficult than…

Read More
Blog
How Can Divorce Affect Your Medical Practice?

How to Deal With Your Medical Practice in a Divorce New Jersey doctors going through a divorce may have particular concerns about how the end of the marriage will affect the future of their medical practice, especially as any private practice is typically a closely held business. Much like other business owners, physicians may worry…

Read More
Blog
What Documents Do You Need for Your Divorce Legal Consultation?

Documents to Give Your Divorce Attorney If you are considering a divorce in New Jersey, it is important to prepare the documents that you need to share with your family law attorney. While the decision to end a marriage may be deeply personal and emotional at its core, divorce is a legal and financial process…

Read More

Disclaimer and information can be found here, including links to descriptions and selection methodologies. No aspect of this advertisement has been approved by the Supreme Court of New Jersey.
Call Now ButtonCall Us