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Maintaining Your Financial Well-Being During Divorce

ReflectionThe family law attorneys from Protokowicz & Rodier provide suggestions on how to best prepare for a possible separation or divorce. 

If you are facing a point where marriage is no longer in your best interest, then you should begin preparing yourself. Just like any situation, being well-prepared can be invaluable.

Divorce is emotional, and it is difficult—even for the most financially prudent person. Rationally handling financial issues can become challenging when you’re feeling emotionally drained.

There are several routes you can take to dissolve your marriage. While those who are filled with anger and hurt, set out for the most aggressive attorney they can find, they also lose sight of the big picture – aggressive representation comes with a high price. From multiple letters to intrusive discovery request, and often several court proceedings, the price to “get back at your ex” may not be worth it. While this may seem like your only recourse, it should not be your first consideration.

There are different approaches to ending your marriage, that can save you time, money, and more importantly your sanity – mediation or collaborative divorce. These options are less costly than the traditional litigation route, and in most cases the time frame is shorter. Other benefits include maintaining the privacy of both parties as you reach an agreement.

When choosing mediation or collaborative divorce as opposed to the standard litigation process, you are choosing a graceful, private and less costly “exit.” With all the emotions and uncertainty surrounding this transitional period, having more money in your pocket to begin your new life may be a better and more secure way to go.

For more information regarding mediation or collaborative divorce, or if you have questions regarding your individual circumstance, contact the family law attorneys at Protokowicz & Rodier.

The content of this article is intended to provide a general guide about the subject matter. A licensed Maryland attorney should be sought about your specific circumstances.