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Divorce is a hard fact in someone's life because it can affect all aspects of life like social, economic, and living status. Conditions become tougher if you have children. Recovering from divorce is also a painful process but good thing is that it is possible to get through it and place better in terms of both finances and emotions. The impact of divorce on finances can be life-lasting but taking precautions and thorough investigations of options can help a lot not only to save unnecessary costs but also some other hidden areas where you weren't aware. Following are some tips to save money during a divorce.
1.Avoid advice from everyone
People like your friends, family members, colleagues, neighbors, etc. will start giving unsolicited advice during the divorce process when you discuss it with them. They will share their own experiences and horror stories and advice on how to handle financial issues during the divorce process. Get advice only from those you trust. In this regard, attorneys or financial experts are the best options to save money during the divorce process.
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2.Consider your spouse
It can be challenging for someone who has started the divorce process to think about the soon-to-be ex-spouse's best interests and financial wellbeing. While making decisions about assets and finances, considering not only your interests but also your spouse's interests can help you to reduce divorce process time. You can save your own and your spouse's money if you spend less time in such negotiations because times spend with the attorney will also be shortened.
3.Goodbye to the joint bank account
You should close all joint bank accounts which were in use of you and your spouse especially credit base account. Block major and supplementary credit and debit cards. Your spouse can use it and you can suffer heavy financial loss. Closing of all joint accounts should be the first step to cut down financial loss during divorce proceedings.
4.Open a new checking account
In continuation of the previous point, open your new checking account. This will help you in terms of not only building up of financial history but also your credit record. Credit history will be helpful if you apply for a loan or any other credit facility. This financial history will let you control your money during the divorce process. If your bank account is not a joint account but you own it, then make sure that your spouse was not using supplementary debit or credit cards. If the spouse was using then block it immediately.
Divorce can include many additional and sometimes hidden costs along with routine costs. This can bring more stress and worries to your life. Saving money can help you to fight such financial status. Force savings every month in this regard can help a lot. You can do this by opening a savings account and setting up a debit order from your checking account.
Recovering from divorce is also a painful process but good thing is that it is possible to get through it and place better in terms of both finances and emotions.Getty pictures
6.Keeping track record of the expense
You may not be interested in maintaining a record sheet of your expenses during your married life. If so, then you should start now. Analyze your bank statement critically because expenses can be out of control now. Review your daily cost of things and make critical decisions to cut down unnecessary costs.
7.Chalk out budget
Ideally, a proper budget should be chalked out to control expenses and save money during the divorce process. Select important segments/areas of your lifestyle and allocate a budget to each of them. After allocation of budget, stick to it strictly every month. This can be problematic in the beginning but become easy when you become used to it. By doing this, you will also be able to manage your savings account by allocating money.
8.Own health insurance
Medical emergencies and different health issues can be sudden or without any notice. So, it is necessary to have a health insurance plan in order to not only pay bills of medicines and lab tests but also an unexpected expensive hospital stay. If your health insurance has previously been covering your spouse then it is advisable to set up your own health insurance plan. This can help you to save money.
9.Amendments in your will and beneficiaries
If you have already decided about your will beneficiaries then it is the right time to update it. Now your divorce is under process, so, the content of your will and beneficiaries should also be significantly changed. This is much needed because it is possible that now you have children and who you like to allocate your property and saving especially if the children were not present when you drew up the will.
10.Change power of attorney
Many people assign power of attorney to their spouses during the marriage. Now it is essential to update and end the power of attorney and signing authority given to the spouse. This will help you in terms of legal and financial matters.
11.Apply for online divorce
Advancement in technology has made it easy for everyone to save time and money. Now in the United States, it is easy to apply for a divorce online. You can save time and attorney fees by downloading all the required divorce documents online. You should not worry about which document and how downloaded because many local court websites can give detailed information about how to file divorce online and which documents are needed.
12.Make use of the mediator
It is extremely helpful to use the mediator to decide terms and conditions between you and your spouse. Although an attorney is needed in certain matters of divorce use of a mediator will help you in saving attorney fee
Many spouses are very conscious about expensive assets and luxuries that are going to be distributed among spouses after the divorce. So, they make decisions to splurge on these luxuries. It is advisable not to splurge as the cost of divorce proves may be past your expectation.
14.Do it yourself (DIY) divorce
Many people are unable to afford the cost of attorney and mediator, so, they now try to handle things by themselves as much as possible. The rate of divorce and its cost is increasing day by day. This factor making "do it yourself (DIY) divorce" popular. DIY spouses are using information given by some attorneys who are offering free consultation on their first meeting.
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Bollywood star Aamir Khan and his wife, filmmaker Kiran Rao, have announced their divorce in a statement issued to the press on Saturday.
The statement read: "In these 15 beautiful years together we have shared a lifetime of experiences, joy and laughter, and our relationship has only grown in trust, respect and love. Now we would like to begin a new chapter in our lives -- no longer as husband and wife, but as co-parents and family for each other.
"We began a planned separation some time ago, and now feel comfortable to formalise this arrangement, of living separately yet sharing our lives the way an extended family does.
"We remain devoted parents to our son Azad, who we will nurture and raise together. We will also continue to work as collaborators on films, Paani Foundation, and other projects that we feel passionate about.
"A big thank you to our families and friends for their constant support and understanding about this evolution in our relationship, and without whom we would not have been so secure in taking this leap.
We request our well-wishers for good wishes and blessings, and hope that -- like us -- you will see this divorce not as an end, but as the start of a new journey.
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Thanks and love, Kiran and Aamir," the joint statement concluded.
Aamir and Kiran, who had been an assistant director to Ashutosh Gowariker on the set of "Lagaan", got married in 2005. The two welcomed their son Azad Rao Khan in 2011 through surrogacy. (IANS/AD)
Going through a divorce is extremely challenging and now a new study reveals that it can negatively impact mental and physical health. The study, published in the journal Frontiers in Psychology, found that the mental and physical health of recent divorcees was worse than that of the background population and that higher levels of conflict predicted worse mental health, regardless of other factors.
Researchers have been examining the mental and physical effects of divorce but may have missed an opportunity to accurately characterize these effects, until now. Divorce is often a protracted process, with many countries requiring a separation period before couples can apply for divorce.
However, a long separation may allow psychological wounds to heal, and assessing divorcees after such a period may underestimate their impact.
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“Previous studies have not investigated the effects of divorce without extensive separation periods occurring before the divorce,” said study author Gert Hald from the University of Copenhagen in Denmark.
“We were able to study divorcees who had been granted a so-called ‘immediate’ divorce in Denmark and on average, these divorcees obtained a divorce within five days of filing for it,” Hald added.
For the study, the research team obtained ‘real-time’ data on 1,856 very recent divorcees, who completed questionnaires about their background, health, and their divorce. Unsurprisingly, the study showed that a recent divorce takes an emotional and physical toll.
The mental and physical health of divorcees was significantly worse than the comparative background population immediately following divorce. However, some interesting trends emerged from the data. For instance, among men, earning more and being younger predicted better physical health, while having more children, having a new partner, and even having more previous divorces was associated with better mental health.
Among women, earning more money, having a new partner, and having fewer previous divorces were associated with better physical health, while initiating the divorce and having a new partner predicted better mental health. However, one factor had a big influence on the divorcees — conflict.
“Across gender, higher levels of divorce conflict were found to predict worse mental health, even when accounting for other socio-demographic variables and divorce characteristics,” said researchers. (IANS)
By Greg Summit
It would seem obvious that divorce means that you are no longer a couple. But in practice, many are faced with the fact that it is not only difficult to realize but even to translate into reality. But accepting this fact is simply vital because otherwise it will not only cause problems of an emotional nature but may even complicate the process of divorce. Let’s specifically focus on this issue and consider what can expect spouses who are preparing for the official breakup.
What Couples Face On Eve of Divorce
Divorce requires special emotional preparation, but most couples fail to prepare properly. And all this is due to the reluctance to accept the fact that marriage is over. Such rejection can cause a lot of difficulties during a divorce. Some decide to live separately and thus delay the process of starting a divorce. However, in addition to emotional stress, which will be accompanied by strange actions, problems with the trial may arise. But now let’s look at the issue of emotional state.
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Lack of Adaptation
Most likely, during the marriage, the spouses constantly informed each other about their plans or actions. Someone could call a spouse every time he/she went to the store; someone could report on every step. But now that the marriage has broken up, it would seem obvious that this will not happen again.
Hence some may still be in their world, and continue to live as usual, even though the spouse is not nearby. Some may continue to report their plans or actions to the former, which in turn will begin to annoy the future ex. This behavior will cause the desire of the second spouse to end the divorce as soon as possible, but the unwillingness of one spouse to diverge and the irritation of the second can slow down the process of divorce. Some may even deliberately delay the resolution of important issues.
Also, a situation that one of the spouses begins to constantly disturb the former in emergency cases often arises. By the way, in practice, these cases are not always an emergency.
Some begin to act out the tragedy and ask to go together to the hospital or pharmacy. Others can call the ex for every little thing to complain about how their dog chewed on their shoes and so on. Someone may call to ask about car repair and so on.
This behavior also reflects an unwillingness to let go of the relationship and accept from the fact that love no longer exists. This can happen not only during the divorce proceedings but even after an official court statement.
Therefore, you need to accept that you are no longer a couple and maintain a balance with clear boundaries in communication with your spouse. By the way, some unpleasant things can occur during a separation. Most do not even think about how this can turn out.
What Problems Can Occur Because of Such Behavior?
Many do not even realize that the reluctance to accept divorce and the delay of the trial can lead to disastrous results. Usually, only one of the spouses feels this. Since if both felt it, then the end of the relationship could have been avoided. Therefore, one who hopes that delaying divorce and unwillingness to accept the fact of the end of the relationship can lead to the following unpleasant situations. Namely:
- During a separation, the spouse can acquire new debts. And when it comes to official divorce, this debt can also lie on the shoulders of the spouse, who still have hopes for a resumption of relations.
- A spouse can leave the state and then it may be difficult to divorce and resolve any issues.
- A spouse can begin the process of hiding financial issues until the case comes to court. Unfortunately, this is a very common situation.
- During the delay of divorce, laws in this area can be changed. In the future, this can cause not only difficulties but also not the most favorable outcomes of the case.
- You or your ex can start a new relationship. If the marriage is not divorced officially, then the fact of a new relationship is not the best thing in a divorce.
These are the main situations that many couples who decide to divorce later may face. Consequently, one should not create favorable conditions for translating such situations into reality.
Want to read more in Hindi? Checkout: दिल्ली के छात्रों की मदद के लिए आगे आए लोग, छोटे बच्चों ने तोड़ी गुल्लक
Where to Start with a Divorce?
The first thing you need to start with is to take a sober look at the current situation. You need to evaluate whether your relationship really has a chance of resuming in the future or if you are simply fooling yourself. If you understand that you have no future, then you need to start the process of divorce.
If you understand that you are not ready for the court, then you can consider filing divorce papers online. All you need to do is make sure that it’s real in your state and find a specialized company that will help with the divorce packet.
There you will receive advice on your case and you will be offered recommendations and a solution on how to fill out Arizona online divorce form. This way you can figure out all the documents and even get a cheap divorce online. Well, in addition to everything, you will save nerves, time, and money!
Greg Summit has years of experience working with different types of legal documents and writing about Family Law for educational purposes. Currently, he is working at an OnlineDivorcer company, where he writing blog articles about divorce and divorce cases. In his free time, he likes roaming the streets of New York with Olympus taking photos of the best spots in the city.
(Disclaimer: The article is sponsored, and hence promotes some commercial links.)