5 Tips for Preparing for a Divorce

Getting a divorce can be financially, mentally, and emotionally draining. On top of the grueling legal process, getting separated involves plenty of paperwork, debts and assets division, and extensive preparation for a new life. Here are five tips to help make the entire endeavor more manageable and less heartbreaking.

Find the right lawyer

The divorce process can be complicated, especially if children are involved or there are complex issues between parties. Hiring an experienced and competent family law attorney is essential to ensure you’re well-represented. Your lawyer will educate you about your divorce options and provide crucial legal advice.

Do your research early on and ask for recommendations from loved ones who recently went through a divorce. Great divorce lawyers usually provide alternatives to litigation, so if your potential legal team is adamant about bringing your case to court, take it as a red flag and move on to your next candidate.

Obtain financial records

When getting a divorce, you must have a clear understanding of your finances. Organize all financial information such as bank statements, credit card statements, tax returns, mortgage statements, credit reports, utility bills, and other vital documents enumerating your debts and assets. Make copies of each and keep them in a secure location. If you’re unsure how to acquire these records legally, consult your lawyer immediately and refrain from accessing online bank accounts that are not under your name.

Secure your finances

Before separating, it is ideal you close all joint accounts to prevent financial problems. No matter how civil you are with your former spouse, they can drain your finances or use up your credit in a sudden anger episode. Inform your creditors about your situation and to alert you for fraudulent or suspicious activities. If you plan to transfer some of the funds from your joint financial accounts to your personal bank account, discuss with your lawyer first to prevent costly mistakes that can compromise your case.

Establish credit

Aside from setting up your own financial accounts, you must also establish credit under your name, especially if you previously had joint credit. Be sure to do this before starting the divorce proceedings, as your funds may be limited once you separate. Always try to pay your balance in full and on time to help improve your credit score. Manage your debts efficiently and avoid making significant purchases until your divorce is settled. You should also check your credit report for discrepancies to ensure that you won’t encounter any difficulty once you apply for loans.

Build a strong support system

Divorce can be highly stressful, so you must have a strong support system that has your best interests at heart. Reach out to your trusted friends and relatives who can provide you with the necessary emotional support. Consider talking to a therapist or counselor to help you sort out your emotions during these challenging times.

Preparing and going through a divorce is no easy feat. Take note of these tips and remember to do what’s best for you and your family.


Photo by Kelly Sikkema on Unsplash



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