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Helpful steps in planning for divorce

| Dec 26, 2012 | Uncategorized

It is no secret that a number of divorces start in January as many people, especially women, look to the New Year as a time to start new lives. In fact, more divorces are filed in January than any other month of the year.

If you are seeking to move on from a troubled marriage in 2013, the following tips should help in making a smooth transition.

Create a budget – It is important to understand how much it will cost to maintain a household on one income. Many people are under the impression that they will receive maintenance or child support the minute they file a divorce petition. In reality, these issues may be challenged and litigated, which may take time. In the meantime, food must still be purchased and bills must be paid.

Collect financial documents – Whether you have a multi-million dollar estate or you have meager assets, it is important to for divorcing couples to understand what can be considered marital property. This means gathering statements for your mortgage, investment accounts, and bank accounts. Keep in mind that you should not hide money (or information) from your spouse.

Be honest with the children – For some people with absent parents, this may not be such a difficult issue. For those with involved parents, a break up could be traumatic to children. However, we remind our readers that children often take cues from your mood. As long as you are okay, your kids will follow your lead.

If you have further questions about divorce planning, contact an experienced family law attorney.

Source: Divorce360.com, Beginning Checklist: Planning to File for Divorce

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