After the divorce dust settles and custody issues are worked out, many people find themselves sharing custody of their children with the other party. This usually works out to a shared schedule or allotted time when the kids stay with you vs when they stay with the other parent.
Once a divorce is finalized, both parties are likely to find themselves in a very different financial situation. The outcome of the divorce proceedings will likely play a huge part in shaping this post-divorce landscape. By then, the family law courts will have worked out how to divide all assets and debts between both parties. Furthermore, they’ll usually assign any spousal or child support obligations to one party as required.
We’re nearly halfway through 2023, and the hot summer months are upon us. Generally, summer months are peak divorce months, with August having on average the highest number of divorces throughout the year. With this in mind, we thought it would be a good time to offer a quick primer on the divorce process from beginning to end.
Once a child support order is finalized and put into motion, it becomes “locked in” unless the court decides to revisit the arrangement. Unfortunately, this means that the arrangement won’t necessarily be updated even if you or your family experience rapid changes in your lives.