If you are contemplating marriage in Northern Colorado, now you probably cannot imagine a time when you may want to leave your partner. But relationships are not always sunshine and flowers. When such a time comes, leaving may seem like the better option for you.
Because divorce is often a difficult process, it is better not to wait until the situation happens to learn how to manage it. Use the following pointers to create a plan for divorce and keep things from potentially getting out of hand financially.
Learn the difference between marital and separate property
In divorce, the court decides the ownership of all marital property. To determine with accuracy what belongs to who, it will scrutinize all alleged joint and separate assets. Knowing that you live in an equitable division state can help you to take measures to divorce-proof them.
Decide on debt responsibilities now
If you and your partner decide to commingle financial responsibilities, do not assume that the court will divide your marital debts in the same manner as they split marital property. Discuss with your soon-to-be spouse how marital debts are to be handled if the relationship ends. Protect your credit throughout the marriage. A better credit rating can increase the number of financial resources you have available when you might need them.
Even when the outlook is rosy, marriage can bring on feelings of frustration and stress. Do not forget to take care of yourself mentally and physically throughout the relationship so that you are in decent shape to deal with whatever marriage throws your way.