Living with two incomes is often much more comfortable than living with one income. For this reason, some people are not sure if divorcing is the right thing to do when living off of two incomes. If you and your spouse no longer want to be legally connected to one another as spouses, but you wish to still remain together to make life less expensive, here is how you can go through a divorce for this peculiar scenario.
Make sure it is amicable
If you and your spouse want to still remain in the same household after divorce, you must make sure that the divorce is amicable and friendly. Try to get over any issues that plagued your relationship to cause you to want to be divorced. Go to a therapist who can help you work through these issues before you file for divorce. This is the first and crucial step to take before moving on to the actual divorce.
Hire a local divorce lawyer
The two parties in any divorce will each need to get their own attorneys. What you can do is pay for the attorneys together, or find an attorney who work for the same firm. This will make it easier to be fair towards everyone monetarily and it will make sure that each person's interests are covered when they come to the table.
Divide assets, technically
Though you may be intent on staying in the same home, it is still a good idea to divide up assets. Be sure to come to an agreement on asset division, including money in bank accounts, retirement funds, and furnishings in the home. Though the furnishings will remain as is, you need to have a running list of what belongs to each party in the event that you decide to move out in the future.
Come up with a cohabitation agreement
Along with your divorce, you can use your attorney's to help you and your spouse come up with a cohabitation agreement. After your divorce, you want to make sure that each of you is properly on the mortgage or deed, or has an agreement that allows you to reside at your location together. Be clear about how payments for all housing is divided, how long you intend on remaining together, and what breaches the contract. Having a contract to be respectful towards one another during your living arrangement can go a long way in making sure you both remain comfortable and your needs are met. Contact a business, such as the Madison Law Firm PLLC, for more information.
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