Home » The Financial Pros and Cons of Uncontested Divorce
They always say that uncontested divorce is the best possible option to finalize a marriage. You can fully control the process and reach a mutually beneficial agreement by cooperating with your partner. But it will only work if the no-fault divorce suits your case and you both play a fair game.
This makes it significant to review the financial pros and cons of uncontested divorce and come to an advantageous decision in the end.
An uncontested divorce is considered to be the fastest and the cheapest way to put an end to a failed marriage. You should only reach for New Mexico divorce papers, complete them with your mutual agreements and get a divorce with no delay. Plus, you will get a list of financial benefits since an amicable divorce…
Gives Control Over the Financial Outcomes
As long as you can discuss the financial questions calmly with your soon-to-be ex, your financial decisions depend on you only. Contrastly, if you bring your case to court, the judge will make all the unsettled points decisions for you, including financial ones. No matter how well-experienced and unprejudiced the officials are, they won’t know for sure what is better for you and your family since they cannot get to learn about you so much during a short trial.
Within an uncontested divorce, you can peacefully discuss with your spouse your current economic status and financial perspectives so that you can make agreements that will let you start a new life after divorce without much stress and hassle. If you finalize your marriage in a friendly way, your partner will have nothing against supporting you financially until you get your life settled and reach economic stability yourself or vice versa with your spouse receiving your help.
Grants Reduced Money Waste
An uncontested means a simple divorce in financial attitude. Being short and not complicated, the process doesn’t include much waste on any side. More, if you opt for a DIY divorce, you will hardly spend any money to terminate your marriage. You can get the forms in the clerk’s office or at the trustworthy platform, fill them out together with your spouse agreeing on main divorce points, and hand in the docs, covering the mandatory fee only. Then the divorce decree will be granted to you without much spendings from your side.
Still, wishing to get a cheap marriage, you shouldn’t neglect professional help. Sometimes you may need the assistance of a financial consultant, mediator, relationships coach, and other relevant experts. Considering that divorce outcomes have an impact on your life for many years afterward, you can spend a hundred or two to get the necessary specialists’ aid.
Keeps Your Assets in Your Pockets
If you both play the fair game and respect each other together with your partner, you will let each other keep your assets to yourself. Being guided by good faith, you will come to a fair decision as to your personal and marital assets. So that neither your company will be ruined, nor your marital house gets halved, and so on. You will both care for comfortable and financially stable life after divorce and get a beneficial resolution without hurdles.
Although uncontested divorce seems to be a magic solution for couples aiming to terminate their marriage peacefully, it sometimes brings the opposite results. More in the situation when spouses are not fair and respectful with each other. As to financial drawbacks, the uncontested divorce…
Won’t Work for Financially Unfair Spouses
The uncontested divorce process presupposes that soon-to-be-exes are completely open to each other, especially when it comes to finances. In most cases, partners are to make a financial disclaimer, enlisting all the assets and debts they own so that they can divide them as fairly as possible.
But if spouses hide any financial data regarding their assets, the outcomes will be far from fair. In this situation, there is no point in choosing an uncontested divorce since you will most surely end in the court fighting for more beneficial outcomes.
Won’t Make Your Partner Treat You Appropriately
The uncontested divorce is not suitable for couples who have serious relationship problems, domestic violence history, behavioral instability, and so on. Even if you choose to divorce peacefully, there are no guarantees that your partner appreciates your goodwill and treats you well. You may end up with unfair proposals and confrontations instead of coming to an agreement.
Won’t Work for Big Assets Owners
Usually, big assets owners are not recommended to go for an uncontested divorce since they may suffer from financial drawbacks in the end. When big sums are considered, spouses are usually blind with the desire to get as much as possible. So, no friendly marriage resolution will be possible in such a case.
Despite the huge benefits of uncontested marriage termination, it is not a universal solution for every and each couple. So, you should review all the pros and cons of uncontested divorce and make the best suitable decision for your financial wellness and happy future.