Divorces can be stressful, conflicting and time-consuming so its important to be fully prepared when going into a divorce. The Sampair Group offers great legal advice and information to any couple going through a divorce but it is also helpful to have some preparation before meeting with a lawyer.
The first and foremost important aspect of preparing for a divorce is to gather or the correct information and paperwork. This could include records of names, phone numbers, bank accounts etc. Once all the proper paperwork is gathered it is important to understand your current financial standpoint.
WomansDivorce.com describes the financial standpoint:
“Understand Your Financial Situation
Once you gather all the necessary paperwork, you can then determine the net worth of the marital estate. The marital estate is everything that was acquired during your marriage. Net worth is the total of all debts subtracted from the total value of the assets. This will give you an idea of what you will be entitled to when you get divorced. If you will be receiving an inheritance, don’t put it in both of your names, and don’t use it to buy marital property or pay marital expenses. This will help to keep your inheritance separate from the marital estate.
Another consideration when preparing for a divorce is to keep a budget of your income and expenses. This will help provide documentation for determining the amount of support awarded, as well as give you an idea of what it will take to live on after your divorce. For some people, it may make sense to hire a certified divorce financial planner to help sort out all the financial information, and assist in making sound decisions during the actual divorce.”
Once the financial situation is gathered its important to get some financially recognition of ensuring that you can provide for yourself. The Sampair Group offers many legal and financial tips and recommendations to many different divorce and legal custody issues.