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One of the most important aspects of a divorce is for the court to determine how assets and debts are divided among spouses. New Mexico follows the “community property” legal system, which holds that all assets acquired during a marriage that are not considered separate property are community property and will be split during a divorce.

Deciding to get a divorce can be one of the most difficult decisions in your life. But once the decision has been made and the “petition for dissolution of marriage” has been filed, it’s important to organize and prepare yourself for the divorce process that lies ahead.

According to data submitted by the US to the APEC forum, 2017 will see 942 million e-commerce business disputes. (1) According to an article by David Dodwell in the South China Morning Post, these disputes involved, on average, entities in six different nations with six different legal systems, and therefore made it necessary for the parties involved to hire six different lawyers to represent their interests.

Alternative Dispute Resolution, or ADR, is a set of practices designed to resolve disputes between individuals as well as businesses without the need for litigation. Since it avoids the courtroom, ADR tends to be faster and cheaper than litigation, and also offers the benefit of confidentiality.

In parts 4 and 5 we discussed preparing for divorce generally, but what about preparing for divorce mediation? If you believe your divorce is a good fit for mediation, there are some specific things you’ll want to consider.

There is no hard and fast formula or one size fits all solution for the best divorce. However, if uncontested divorce is an option, it can save you a lot of time, money, and stress. Uncontested divorce is most appropriate in cases where the divorcing parties are able to communicate with one another and agree on some of the key elements of their divorce.

Now that we’ve covered choosing divorce and looked at some tips for preparing for divorce, let’s take a look at some divorce options.

It’s important you get an overall picture of your assets and obligations, and that you plan for your life after divorce financially. However, immediately before or during the divorce process is not a good time to make any big financial changes. This means no large expenditures, no changes to life insurance beneficiaries, wills, or retirement accounts.

According to an article published on forbes.com in 2006, the average cost for a contested divorce in the United States was between $15000 and $30000. Adjusted for inflation to 2018 dollars, that’s $18,877 – $37,754. Of course, the cost of divorce varies wildly outside this average range.

If only one spouse wants the divorce and the couple cannot have productive communication on the subject, then it’s much more likely it will devolve into a bitter, prolonged battle. It’s also important to note that New Mexico, like almost all other states, has no fault divorce.