Divorce / What's Equitable Vs. What's Fair
When you and your spouse agree that divorce is right for you both, the next steps in divorce start to become more practical and business-like.
Maybe you each have said to one and other "We just want to be fair". Your intentions are good, and that's great! But the reality is that what constitutes as "fair" to one person might mean something different to the other person.
One person's idea of what is fair might feel very unfair to the other person.
The truth is what feels "fair" can be subjective. In divorce, equitable is the name of the game when it comes to courts and mediation.
- The definition of equitable is "fair and impartial" and "valid in equity as distinct from law."
One way to cut down on potential disagreements over what is fair and not fair, take time to think through all of your joint assets and figure out what could potentially be triggering to you or your spouse. When you give yourself time to prepare for your divorce, emotionally and practically, it saves you time and money and the most valuable thing -- your peace of mind.
Here's another post about something to take into account, Overlooked Expenses to Consider When Planning For Divorce.
Divorce is hard. Divide & Thrive makes planning for one easy.