A divorce application, readily available from a number of sources, is the written framework that must be prepared and presented to the court. It must contain some key elements.
It must contain as complete a summary as possible, with as much supporting detail as possible, of the assets being divided. This includes real property, saving and retirement accounts, and potential for future value generation. Some values will be relatively straightforward to calculate, such as real estate. Others will be far more difficult, such as the value of a jointly owned at home business. This may require that estimations be made by qualified professionals.
Then there is the matter of liabilities that these assets carry with them. The outstanding unpaid part of a mortgage is the classic example. A very important one is that many of these assets provide the promise of future earnings, such as a highly paying job, and that the loss of their martially merited income is a severe burden on the other party. This will not only help to determine the amount of alimony needed to continue the lifestyle of the spouse, but also becomes a key factor in the support of children and other expenses that will continue after the marriage ends. These things must be taken into consideration because they were a direct result of the marriage.
Any agreements that can be made in advance of the legal filing and submitted as part of the divorce application will greatly enhance the chances that the matter will be resolved to the best possible benefit of both parties. The divorce attorneys should handle the crafting of these agreements after the parties have made their desires clear. Unfortunately, any issue that cannot be agreed on will result in counterproposals from each party being presented to the judge, who will make the final decisions.