What Is Divorce Law?
Divorce is challenging, stressful, and emotionally charged. While you may not have foreseen this possibility, now is the time to prepare for what happens next.
Taking practical steps (based on sound legal advice) can reduce anxiety and uncertainty. Moreover, it can make everything run smoother for yourself and your family.
Whether you are already contemplating a divorce or want to prepare, this guide may prove invaluable. Discover how to steer through this chaotic time with greater confidence with us today.
Get Your Finances In Order
Protecting your finances is one of the most critical steps. It can help ensure that you secure your assets and your financial future.
To start, gather all financial documents and make copies of them. You cannot make informed decisions without organizing and reviewing this information.
Here is a list of financial documents that you should have on hand:
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Pay stubs
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Wills and trusts
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Mortgage statements
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Credit card statements
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Business financial records (if applicable)
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Bank statements (checking and savings)
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Tax returns (at least the past three years)
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Loan documents (car loans, personal loans, etc.)
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Insurance policies (life, health, auto, homeowners)
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Investment account statements (e.g., stocks, mutual funds, retirement accounts)
Sharing this information with your attorney will be crucial. They must have a clear understanding of your finances to represent you effectively. Furthermore, having the relevant documentation ready will save you time and money.
Take Inventory of Your Assets
Evaluating your assets involves identifying everything you and your spouse own. This process can be complex, but it must be thorough for divorce proceedings or
alimony negotiations.
Start by creating a comprehensive list of all your assets, including their value. The following tips will help you through this process:
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Review your credit report
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Create a spreadsheet to track the value of all assets
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Obtain appraisals for any high-value items, such as real estate or valuable artwork
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Determine what constitutes individual or marital property (this may require an attorney)
Taking the time to do this step right will equip you well to negotiate a fair settlement. Consulting with a financial advisor or attorney will also be helpful.
Consider Custody and Visitation Arrangements
Determining the best arrangement for your children can be heartwrenching. But it is important to prioritize their well-being.
Start by researching the laws in your state regarding
child custody and visitation, as they can vary significantly. You should also consult a family law attorney to fully understand them.
Additionally, taking these steps will help you feel more confident:
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Consider the potential impact of relocation or job changes.
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Develop a parenting plan that outlines
custody and visitation schedules. Don’t forget to include holidays and vacations.
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Create a stable and supportive environment for your children during and after the divorce proceedings.
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Be prepared to negotiate with your spouse to reach a mutually agreeable arrangement.
Seek Professional Support
There are several types of professionals who can provide assistance. You may choose to work with one or more of these professionals:
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A divorce attorney can help you understand your legal obligations and represent you in court if necessary.
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A financial advisor can provide guidance on financial planning and asset management.
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A therapist or counselor can help you manage the emotional challenges and develop coping strategies.
Don’t be afraid to ask for support from those around you, including family and friends. The right support system will help you navigate the divorce and move toward a better future.
Work With an Experienced Divorce Law Attorney
You do not have to face this tumultuous time alone. A divorce attorney will provide valuable perspective and tangible next steps. Moreover, they have a professional obligation to protect your best interests, even if you don’t know what they are.