Once you have decided to move down the path of divorce, you will benefit from self-educating in several areas. Gaining an understanding of the divorce process will save you some legal costs associated with the initial steps. If you can get a jump start on your preparation, including gathering information and documentation and thinking through some possible divorce settlements, you will be better prepared to meet with your attorney and will be armed with relevent questions specific to your situation. As much as possible, be proactive in handling financial matters and put protective measures into place that will help in preserving your assets and your credit.
In the Divorce Pitfalls category, we offer articles that discuss some of the common pitfalls that you should be aware of, so that you can recognize the signs if you begin to get caught in them yourself. In general you want to minimize your emotions (as hard as it may seem) when making these life changing decisions. You benefit most from focusing your efforts in coming up with the most equitable financial settlement you can live with. Also, if children are caught in this process, work on getting the best placement schedule in place that makes the most sense for the children.
The Divorce Process category contains articles that provide an overview of the divorce process and the possible steps that could be taken depending on your individual circumstances. Several topics are covered including: Filing the petition, financial disclosures, guardian ad litum, mediation, parenting plans, marital property settlement and many others.
In the Taking Financial Inventory category, we provide articles the give guidance on identifying your financial assets and liabilities (debts), worksheets to help organize your financial assets and some general ideas for protecting your assets.
These articles will provide some general guidance and information. If you are looking for more detailed information and strategies, we recommend that you visit our Order The Book page and purchase “The Financial Divorce – Your Guide to Financial Divorce Knowledge”.