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Ann-Margaret, who notes the average divorce in America costs around $15,000, explains couples need to agree on the following:
The division of assets: She feels if you brought an asset into the relationship, the expectation should be that you leave with that asset.
Living arrangements: The attorney says there needs to be a reasonable agreement on where each party will be living and if 1 person is leaving the shared residence there should be a grace period to figure out where they will be moving to and how long they have to do it.
Pet custody: She notes 68 percent of households have a pet, and before a couple splits there needs to be an agreement on who will be taking the animal and who will be able to better care for the pet moving forward.
Another important tip from our expert: Update your healthcare proxy and power of attorney if you do not want your soon-to-be ex to be able to make medical decisions for you in the event of a hospitalization.