When’s the worst time to get a divorce?

It is finally time to part ways for both of you. However, if you are looking to take the next big step i.e. divorce, there are a few to-dos that you ought to keep in mind. Even though for the both of you it is time to say good bye, this can be the worst time to get a divorce. Keep reading to know the situations which are bad for you to take the decision.

Bad Real Estate Situation

So, what’s real estate market got to do with divorce? In case you are looking to sell off the house that you both jointly own, studying the market conditions is a must! In case of cold markets, it will be difficult for you to even rent the property, leave aside selling it. Thus, you both will end up losing money instead of earning profits. In case of hot market situations, you can sell the property quickly and make good money. However, if you are going for a mutual consent divorce, one can keep the house while the other can have other tangible assets.

Minor Children Involved

Getting a divorce when children are involved is itself a difficult situation. If there are minors involved, the situation becomes all the more complicated. Custody wars are one of the worst fights to get into, as parents. Things began to turn uglier when the divorce is not mutual. In either situation, you and your spouse have to combine your incomes and make an arrangement to support your children. 

Unhealthy Credit Score

Your credit score is your gate pass for a lot of activities, like renting an apartment, buying a car, or even getting a job. Divorce can make your credit score look even worse. Thus, it is important to study your credit scores before taking the decision. If you have a damaged credit score, you can convince your partner to delay the divorce or to at least not leave the house or the car, else you will be the one facing creditors. In case your partner has bad credit scores, you can wait for a few months for the scores to improve and then take the divorce.  Come on, this is the least you can do for the one you married!

Bad Economy

The situation can get bad when the economy is not at its peak. It is an undeniable fact that when one goes through divorce, the finances are the worst hit. Due to this situation, either of the spouses might have to look for a new apartment, car, or even change jobs. Thus, it is important to look at the economical condition, before taking this step. 

Inheriting a Property

In case you inherit a property, it is necessary to hold on the relationship for a little longer. In case you are divorced, the money or property that you inherit might be divided between the two of you. In case the state laws are strict, this division is bound to happen. Thus, you need to have the basic knowledge of these laws before taking the decision.