WHY WOULD I APPLY FOR A DIVORCE AND HOW DOES IT AFFECT THE DIVISION OF GOODS?
Normally, people contemplating a divorce already have an idea of what to expect. Many have seen divorces on television or in the movies and, often, you know someone who has gone through a divorce personally. And it is increasingly common to have experienced the divorce of the parents themselves. Despite these “second-hand” experiences, coping with your own divorce is one of the most traumatic events in life.
You face not only the legal termination of one of the most important relationships in your life, you must also start thinking about unpleasant situations, such as the division of property and the search for a new home. In many cases, you also must get used to the idea of not seeing your children daily.
Predictability and divorce are not terms that go hand in hand but having realistic expectations will help you feel satisfied with the outcome of your divorce. Consequently, it is important to understand what the divorce is for and why not. So, what is the use of divorce?
Division of goods. The divorce will determine who will stay with what in the division. A family court will try to divide the assets of a marriage as economically as possible. In most states, the following will be excluded from this division: assets acquired before marriage, assets donated or inherited. In some states (where the partnership is recognised), this entails a 50 percent distribution of the goods acquired during the marriage for each of the parties. Other states (where the partnership is not recognised) will review the financial circumstances of each part of the couple, their future financial plans and other relevant matters to make an equitable distribution of the assets.
APPLYING FOR A DIVORCE
Most people do not know getting divorce is not such a complicated process, the requirements for a divorce to take place are very simple. Once you have decided you do not want to go back with your former partner and have been separated for over 12 months then you can divorce.
Nowadays many former couples prefer to execute this process together, so they can have all information at hand and they can complete the application without any problems. Nonetheless, it is important not to mix up the concepts of divorce and property settlement and while a divorce can be completed online, a more complicated procedure such as a property settlement requires the assistance of leading professionals such as VIC Family Lawyers that can provide you with top recommendations on what to do.