Divorce is usually a difficult and drawn out process. For some people, it could take months to work out all the details. This is especially true when you own extensive assets and other property. For example, you may have a long argument ahead of you concerning who gets the dog or which one of you will keep the house in Manassas. You might spend a significant amount of time working out how to divide retirement accounts and your stock portfolio.
There's no reason that most people will ever hear of a qualified domestic relations order (QDRO) unless they are getting a divorce and have a pension plan to split. So it can become an afterthought that needs to be addressed after the divorce has already been finalized.
If you are a Manassas resident who is contemplating getting divorced, it's important to get your ducks in line before filing the petition in the civil court. Divorce can be an expensive undertaking, but there are ways for the parties to reduce the costs they incur. Read on for some tips from divorce and finance professionals to learn how you can minimize the expenses of your divorce.
In can be difficult to decide in favor of any type of bankruptcy, but it may be the best way to improve your financial standing and start fresh.