The infographic below describes issues related to divorce: financial conditions, custody arrangements, and more.To begin the divorce process, one spouse will file a divorce petition, and then both spouses will come to an agreement that divides any property or responsibilities, including the custody of a child.
Financial issues, such as dividing assets (i.e. bank and investment accounts), or dividing debts (i.e. credit card balances and loans) may arise. Spouses not only divide assets and liabilities amongst them, but also property. If the spouses cannot come to an agreement, the courts will decide on how to distribute the assets.
If the spouses can bring the court an agreement thatis considered fair for them, both spouses, and any children, it will likely be approved. To learn more information about the divorce process, refer to the infographic below.