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.
So, how can you know if you’re ready for divorce? And, more importantly, if you’re prepared to handle the process as smoothly as possible? Let’s take a look at some questions to help people determine if they’re ready for divorce.
Divorce is stressful. Depending on which experts and surveys you look at, it’s often ranked as the #2 most traumatic life experience Americans go through, second only to the death of a family member. There are a number of things that make it so stressful.
Now that we know more about contract disputes, let’s take a look at some strategies for avoiding them.
Now that we know more about contract disputes, let’s take a look at some strategies for avoiding them.
If you receive a notice of anticipatory breach of contract because of a claim of material breach against you, you’ve got a contract dispute. If you intended to repudiate the contract, then it’s probably time to retain a good contract law attorney, if you haven’t already.
If the breaching party willfully broke the contract, or if the breach resulted from deceit, unfair dealing, or fraud, then the court will likely find the breach material. On the other hand, if the breach was due to circumstances beyond the control of the breaching party, the court will be less likely to find the breach material.
But how do courts determine what constitutes a material breach of contract? They refer to a legal treatise called the Restatement (Second) of the Law of Contracts. Completed in 1979, this treatise is one of the most frequently cited in the entire United States justice system – every first year law student in the country learns about it. In combination with the Uniform Commercial Code, the Restatement governs all contracts and sets out the following criteria for a material breach of contract.