![]() When you are organized, you will also be able to break things down into more manageable tasks. In addition, certain laws and statutes may come into play based on the type and nature of your assets, so helping your team understand your complete picture will also allow them to provide you with the most effective counsel as well. Keep in mind that divorce is a give-and-take process, and until you have a full and complete picture of your entire life, you can’t possibly make the best decisions as you negotiate a fair and equitable settlement. In turn, this will make it easier for you to prioritize what’s important to you, helping you to set goals for your post-divorce life. When you do a good job of assembling all of your information, you will also be able to get a much clearer picture of your overall financial health. When you are able to gather documents in a thorough and comprehensive way, many of the questions and requests for additional information by your attorney or financial experts will be minimized. Getting organized on the front end will save you time, stress, and a whole lot of money too. This is a primary step to prepare for divorce. The Benefits of Being Organizedĭepending on the complexity of your divorce, you may need a lot of documentation to give to your divorce lawyer or Certified Divorce Financial Analyst. The goal at this point is simply to begin identifying the puzzle pieces. You and your spouse will be required to complete financial affidavits (disclosures) as part of the divorce process. This is why it is important to prepare for divorce. If you’re in the dark about your finances, that’s okay. Include any memberships, reward points, and other perks that may be considered as assets. Make a list of all the assets and liabilities that you’re aware of.The peace of mind is well worth the cost of the credit report. You’ll get notified if your spouse attempts to open credit cards and rack up debt in your name. Better yet, sign up for a credit monitoring service like LifeLock. CIT Bank is a solid option if you’re looking for a high-interest savings account with no monthly fees. Open a checking account and savings account in your name alone. ![]() ![]() ![]() Here are some quick tips before we jump in. That’s why we put together the ultimate divorce checklist which lays out the information you need to prepare for divorce. Gathering this information in a logical and organized way can make the entire process less burdensome for you in both the short and long run. Whether your divorce issues are narrow and simple or complex and multifaceted, you will still need to acquire a fair amount of information to prepare for divorce. Making sure you are treated fairly is vital to give you the best chance of moving forward in the best possible way after your divorce is finalized. How well you are able to navigate through your divorce may rest in large part on your ability to produce legal documents and evidence that can support your claims for alimony, child support, a division of assets and other important issues.
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