Issues That Could Arise When Divorcing Under 25

Going through a divorce in your early twenties can present a set of challenges that can be daunting to tackle, such as dealing with rent leases, housing arrangements, co-parenting and custody, education, student loan debt, and joint investments. Navigating these logistics can be overwhelming in what is understandably an emotional time. It is important that you take the proper legal steps to help ease the divorce process and promote long-term financial and emotional well-being. Here are some of the issues you should consider if you are in your twenties and going through a divorce:

Renting

It is common for younger couples to rent an apartment or a house before buying a house. When spouses decide to separate, dealing with an existing lease can become tricky depending on your situation. Situations where a spouse’s name is not on the lease or where one party is not cooperating with the other’s wishes regarding the lease terms can complicate the separation. Figuring out the options that your landlord may offer in these instances will also depend on the amount of time left in the lease and the contents of the lease agreement. Whatever your desired outcome is regarding your rental, it is important to be aware of the implications of your options.

Housing

If you and your spouse own a home together, figuring out how to divide everything, including the property, furniture, and other household items, can be emotionally and logistically challenging. Your home holds many memories, and considering the logic behind what you have the rights to own can be difficult to prioritize. If you are moving in with family or friends or even trying to find a new place to live on your own, it is also important to consider factors like credit history and mortgage obligations. Having legal support throughout this process can help you make informed decisions and remain aware of the next steps you need to take to protect your rights and your well-being.

Children

If you and your spouse have children, co-parenting and custody is understandably one of the most difficult aspects of a divorce. As a parent, you want to approach decisions about custody arrangements, child support, and other parental rights with extreme care. Having legal support during this decision process can help ensure you are making choices for your children’s best interests for their happiness and stability.

Education and Loans

It is common for young adults to have debt, specifically student loans, in their early twenties. Student loans are typically considered separate debts, but allocating this debt can become more complicated if one spouse does not earn as much as the other or one has significantly more debt than the other. Also, if one or both parties are still attending school, dividing these finances can depend on various factors including the timeline of loans and the future potential of each spouse’s earnings. As a young adult, you want to ensure a prosperous financial future for yourself, and an attorney can assist you with the intricacies involved in allocating debt in this process to accomplish that.

Joint Investments

You and your spouse may have entered into various investment strategies separately or together, such as retirement funds, bank accounts, real estate, and more. Carefully assessing the present value of all investments to ensure a fair distribution is critical in the divorce process. An attorney can help guide you through handling your personal and shared investments so that you are aligned with your long-term financial goals.

Reach Out to Our Firm for Help with a Divorce

Deciding to divorce is overwhelming in many ways, specifically in your early adulthood. If you are in your twenties and going through a divorce, consulting a divorce attorney can ease the divorce process and help you navigate issues that are likely new to you. At Moskowitz Law Group, want to help you during this time. Call us anytime to set up your case evaluation.