If you’re getting divorced, it helps to take a few precautions to make the upcoming road a little less rocky. Divorce is a complex process with multiple facets to deal with, from property division to custody arrangements. The more prepared you are, the more equipped you’ll be to handle the issues that arise.
Tips for Divorce Preparation
Take a look at some of the ways people can protect themselves from vengeful spouses and better position themselves to make wise decisions in a looming divorce:
- List all assets and debts – Make a thorough list of all marital assets and debts, including all bank accounts, credit cards, physical property, loans and pension funds. But many spouses hide assets. If you suspect your spouse has squirrelled away funds, you might need professional assistance to uncover them.
- Establish your own credit – Cancel or freeze all joint accounts and open your own savings account, checking account and credit card. This will prevent your spouse from racking up more debt that you might be liable for, as well as build new credit in your name.
- Create a budget – Finances are almost always a struggle during a divorce. You’ll need to learn to create and stick to a new budget that works for you. Building a personal budget early in the divorce process can help curtail financial headaches down the road.
- Build a support system – Divorce takes its toll on people – financially, physically and emotionally. Build a strong support system that you can rely on when the going gets rough, including close family members, trusted friends, and a counselor or therapist.
- Get legal advice – Divorce is a complicated process and can take an enormous amount of back-and-forth negotiating, paperwork and procedures through which a skilled attorney can guide you. It’s a good idea to have a legal confidante by your side to explain your options, give you practical advice and help fight for your best interests should the divorce get ugly.
Enlisting in the Help of a Family Law Attorney
Our divorce attorneys at Warren & Migliaccio have helped numerous men and women through the divorce process and understand the inner workings of divorce and child custody. Contact our firm today at (888) 584-9614 to schedule a free, no-obligation consultation.