Many couples in Pennsylvania and elsewhere may accumulate a significant portion of assets and debts over the course of a marriage. Should a couple decide to take separate paths in life, they may feel it vital to focus a fair amount of their energy into preparing for the process of dividing martial property. Since this process will include marital debts, understanding how outstanding financial obligations will be handled during divorce could prove vital to preparing a strategy for negotiations.
Important estate planning considerations amid divorce
Divorce can, at times, seem all-consuming. If you are in the midst of one, you may focus on matters that may include finding a new place to live or hashing out a new child custody arrangement. While working through these and related matters is certainly important, so, too, is thinking about how you may need to update your estate plan now that your familial situation has drastically changed.
Challenges of divorce when children are involved
The decision to end a marriage is seldom one made hastily and can be made all the more difficult when there are children involved. While the couple may come to the conclusion that they can no longer remain married and decide to divorce, they will still be parents. Pennsylvania encourages parents to arrive at child custody arrangements that keep the best interests of the child in mind.
Tips for creating the right parenting plan
Navigating through a divorce can be difficult for all parties involved. For divorcing parties who are also parents, creating a parenting plan is a critical part of the process.
