Inertia, a longing for the status quo and ultimately procrastination can stifle divorce proceedings. To combat sloth, divorce experts recommend parties move forward in negotiating a divorce settlement and take control of their financial futures.
The first crucial step is to get organized, says Bradley H. Bofford, managing partner at Financial Principles in Fairfield, New Jersey.
"Ascertain what your total assets are and where they are. Then make copies of all your financial records, including bank and investment statements, tax returns, insurance policies, deeds and so forth," he says.
Once the division of assets begins, you might consider mediation as a low-cost alternative to litigation. "Working with a mediator can help couples come to an amicable agreement quicker and reduce expensive attorney's fees associated with a drawn-out battle for property," Bofford says.
Remember, the longer you procrastinate, the more you stand to lose. So overcome the slothful excuses and take action to get the process completed as thoroughly, amicably and quickly as possible.
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