Basic Divorce Decisions - dummies

By John Ventura, Mary Reed

Part of Divorce For Dummies Cheat Sheet

Important and difficult decisions have to be made when you’re working out the terms of your divorce, especially if minor children are involved. Basic conditions of your divorce that need to be decided on are

  • Who will have physical custody of your children?

  • Who will have legal custody of your children?

  • If you will have sole or primary child custody of your children, what visitation rights will their other parent have?

  • Will you prepare a parenting plan? If so, what will it include?

  • Which parent will pay child support, how much will the payments be, and when will the payments end?

  • Who will pay for your health insurance and your children’s health coverage — you or your spouse?

  • How will you handle child-related expenses like private school tuition, tutoring, after-school activities, summer camp, and so on?

  • How will you and your spouse share the cost of your children’s college educations or enrollment in a trade or career school?

  • Which of you is going to claim your children as income tax exemptions?

  • Will you or your spouse pay the other spousal support (also known as alimony)?

  • How much will those support payments be?

  • How long will the spousal support payments continue?

  • What are your marital assets and marital debts?

  • What percentage of the value of your marital assets is each of you entitled to?

  • What portion of the property and debts will each of you take from your marriage?