During a divorce, there are significant pros and cons to being an only child. Although an only child doesn’t have to deal with sibling rivalry that can sometimes worsen during a divorce, he or she does miss out on the chance to relate to brothers and sisters who are also dealing with this major change to the family. Follow these dos and don'ts when helping your only child through the divorce.
One of the most frustrating and messiest parts of a divorce is dealing with the separation of finances, property and debt. If you and your former spouse are able to civilly determine who will get what financial aspects, the process can be simpler. You will only need to provide the court with a marital settlement agreement that details your agreement.
However, if you are unable to work together to deal with the financials of your partnership, the court will get involved to make the decisions for you. The following is some information you will need to know if you are facing a separation of assets and debt in a divorce.