You’ve been trying to make your marriage work for the kids. Unfortunately, you and your spouse have not been getting along. You’re thinking about a divorce, but you don’t know where to start. Here are some factors that are worth considering.
Keeping track of finances
One of the most important steps to take before your divorce is to get your finances in order. This is especially significant if you’re interested in receiving alimony or child support.
There are many documents and shared financial assets that you should make copies of. These documents include:
- Credit card bills
- Trusts
- Wills
- Mortgage statements
- Insurance policies
- Investment accounts
- Retirement accounts
Divorce-related spending
Getting a divorce can be expensive. Being in a good situation financially before your divorce can be a big help. In addition to legal fees, there could be moving and new residential expenses. Being careful about your current spending habits and putting money aside towards your divorce will help you stay on the right track.
Working with an attorney
What if you don’t think you’ll get the money you deserve? Or what if you and your spouse cannot come to an agreement and you end up in a legal battle? In these situations, getting help from an attorney can be a smart decision. If your divorce goes to court, an attorney can help to advocate for your interests.
Coming to the decision that a divorce is right for you is not easy. But by understanding how to prepare for your divorce, you’re moving in the right direction.