How To Prepare For A Divorce
Though it can be emotionally difficult, learning how to prepare for a divorce can save a lot of trouble and expense as the divorce progresses. There are many things that the two divorcing parties should agree on in order to make the situation easier. Simply knowing what you and your soon-to-be-ex will agree on and what you won't is an important way to start to prepare for a divorce.
You will need:
- Divorce attorney(s)
- Financial records
- Possession agreements
- Decide on a lawyer. If the two of you agree on the basic aspects of the divorce, including financial divisions and custody, it is possible to share a lawyer in order to save money. Many couples do hire one lawyer who helps the divorcing couples' wishes to be carried out. However, if neither of you can agree on the settlement basics, or even whether or not to divorce, you will have to hire separate attorneys to represent each of you. To prepare for a divorce with separate lawyers, ask around for a reference. You want a lawyer who has been practicing in the area and has a lot of experience with divorce cases.
- Get your financial house in order. You will need to know exactly how much money you each have, including 401(k)s and other investments. If your spouse is hiding assets, hire a forensic accountant to track down any hidden assets. To prepare for a divorce, you must get as much information together as you can in order to facilitate a fair and equal division of the assets.
- Come up with basic living arrangements and a temporary financial arrangement. This may entail a temporary apartment for one party. An agreement about where the money will go and who will contribute what until the divorce is final.
- Prepare for a divorce by separating household possessions and agreeing about as much as you can. The more you can agree on as you prepare for a divorce, the less you will have to pay attorneys to decide for you.