Will you have a Divorce Party?
After years of trying to untangle finances and a relationship, the day is finally here – you and your ex have signed the papers. Nowadays, it is common to celebrate a divorce In fact; many people have started celebrating the end of their marriage with a “divorce party”.
A woman we know who litigated her divorce had planned for three long years to have a divorce party – unfortunately when the papers were signed she was NOT in the mood for a celebration. After spending over one hundred thousand dollars in legal fees (with her spouse spending an equal amount) and trying to cope with years of stressful litigation, she finally gave up and signed a settlement that she found almost untenable
-The house had to be sold before her children graduated from high school
-The amount of spousal support she was getting was not enough to cover her living expenses.
-She didn’t have enough money to go back to school to get an advanced degree, which she needed, having been out of the workforce raising her children for years.
-Whatever cash was accumulated during her marriage was spent on attorneys’ fees to handle her divorce.
She spoke to us about her regret in not knowing about mediation before getting divorce. She learned too late that at the end of a divorce mediation, both parties walk away with an agreement that they think is fair: spousal support, division of assets, timing of the house sale, are all addressed quickly but thoroughly to make certain terms will work for both parties.
Mediation is the key to having a divorce party – a celebration that encompasses ending a relationship on a sad yet positive note and knowing that you are well equipped to forge ahead as you embark on your new life.