Divorce is a huge undertaking. Depending on the situation, it can be a long, in-depth process full of forms, hearings, meetings, and more. While no two cases are ever identical, and no single recommendations fit every situation, there various ways to prepare for divorce.
Some of these are simple and may sound obvious. Others may be less intuitive. What they can do is make you as ready for what’s ahead as possible and hopefully provide some peace of mind.
How Can I Prepare for Divorce?
If you’re heading for divorce, there are steps you can take ahead of time to streamline the process and better prepare. Not an all-encompassing list by any means, but here are actions you can take to increase your chances for an optimal outcome.
1) Educate Yourself
Divorce laws vary a great deal depending on which state you live in. Perhaps the best advice out there is to familiarize yourself with the specifics of your home state. The more you know, the better prepared you’ll be.
For example, Oregon is an equitable distribution state. This means property acquired during a marriage is viewed as belonging to the spouse who earned it. In a divorce, assets are divided in a fair and equitable manner between you and your ex.
This is just one of many laws that may be different. Custody, spousal support, and other laws often differ from state to state. It benefits you and your case to learn the particular regulations where you live.
Related Reading: Creating a Divorce Strategy
2) Create A Plan For The Kids
If there are children involved in your divorce, things become increasingly complicated. As this can be a long, contentious legal process, you want to create a plan to ensure they’re cared for. Examine your state’s rules and regulations governing child custody and child support.
Your kids have the same needs and require the same care during and after a divorce as they did before. It may be in your and their best interest to prepare and implement a parenting plan during this time. The court also often implements temporary custody orders in these situations.
If nothing else, knowing they will be adequately looked after is one less detail for you to stress about in an already stressful time.
Related Reading: Can Criminal Charges Impact Child Custody?
3) Set Aside Money For Your Divorce
Divorce can be an expensive proposition. That probably doesn’t come as much of a surprise. At the very least, even in the most straightforward cases, there are fees for filing paperwork.
Divorce attorneys and legal advice don’t come cheap. It’s all too easy to lose sight of the day-to-day expenses as you shell out a few dollars here and a few dollars there. And the more complicated the divorce, the more legal expenses you collect.
Some examples of things you’ll have to pay for include:
- Appearing in court.
- Responding to motions.
- Temporary child support.
- Temporary spousal support.
- Appraisals.
- Mediators.
One of the most important steps to prepare for divorce is setting money aside, whenever possible, to help cover unexpected costs.
Related Reading: Common Financial Mistakes People Make in Divorce
4) Get Organized
Divorce is a complicated process, and the devil, as they say, is very much in the details.
Over the course of dissolving your marriage, the court needs access to various documents. Information flows between you, your spouse, attorneys, judges, and more.
You need to fill out forms, file claims, and respond to those filed against you. It’s possible you’ll face multiple appearances in court or with mediators.
Your schedule can quickly become an intricate puzzle of places to be and hoops to jump through.
Being organized throughout is a key part of preparing for your case. If everything is ordered and arranged, you won’t have to hunt for a particular form or stress out about when and where you have to appear.
It may seem like a hassle at first, but being prepared is advice that will serve you well.
Related Reading: Divorce Forms & Filing: What to Know
5) Get Your Financial Records In Order
An extension of being organized is to get your financial records in order. The division of property forms a significant chunk of the divorce settlement. This is where the court distributes all of the shared resources. As such, it has a huge impact on your financial future.
You must disclose all of your assets and debts, and it helps to have all the appropriate documents ready to hand over. This saves time and hassle.
Among other things, you should catalog:
- All of your known bank accounts.
- 401ks.
- Pensions and retirement benefits.
- Insurance policies.
- Tax records for at least the past few years.
List all of your debts including:
- Car loans.
- Mortgages.
- Credit card balances.
- Student loans.
- Anywhere else you owe.
Document all of your substantial assets like:
- Cars.
- Homes.
- Real estate holdings.
- Jewelry.
- Furniture.
- Any other big-ticket items.
It may also prove helpful to break down your time, work, and financial contributions to the marriage. All of these things influence how the court divides property in your divorce. Being organized will only be a legal boon and be a key part of preparing for divorce.
Related Reading: Ways to Save Money on Your Divorce
6) Establish A Support System
Divorce may be the most chaotic, stressful, and emotionally trying time of your life. Ending a marriage represents a titanic shift in your daily existence.
You may well need backup if you’re going to make it through in one piece. Even if you don’t want to broadcast the sordid details of your case, it may be nice to have a support system in place.
Knowing who to turn to and rely on is important. For emotional support, for financial support, and more. Instead of divorce or legal advice, maybe you just need someone to watch the kids while you meet with an attorney or appear in court.
This can be family, friends, or legal professionals. You can also turn to one of the many groups designed to help or offer advice to people going through similar divorce situations. Simply knowing you’re not alone can be a welcome sensation.
Related Reading: Should You Sell Your Home During Divorce?
7) Create A Plan For After Divorce
We’ve said it many times thus far, but divorce is a process. It is, however, one that ends. Stuck in the middle, it’s easy to become consumed and lose sight of what comes next.
There’s nothing wrong with simply wanting to get this over and done with and move on. At the same time, it’s never too early to consider the next step.
Think about what comes next.
The whole point of divorce is to move forward. Sometimes it’s enough to move away from a negative situation. But what you’re heading toward is also important. Light at the end of the tunnel can be a huge motivating factor.
Beyond that, you have a lot to consider. Your tax status changes, and you may have child or spousal support payments. Even paying all the bills from a single paycheck for the first time in years represents a huge change.
You may want to create a budget to regulate your spending or seek financial and legal advice during your divorce.
Getting divorced doesn’t automatically impact the financial agreements you and your spouse entered while married. If you don’t take steps to make sure these obligations are covered, it can negatively impact your credit.
If you have children, custody arrangements and parenting plans also play into your post-marriage life. And all of this is just the beginning.
Related Reading: Choosing Between Divorce and Legal Separation
8) Talk To An Attorney Early
This post is vague and general and only provides a wider view of how to prepare for divorce. But if you enlist the services of an attorney to review your case, he or she can offer specific legal advice tailored to your situation.
In most cases, the earlier you do this, the better.
If you’re considering divorce, you may want to consult with an attorney well ahead of any legal action. Maybe even before you discuss the specifics with your spouse.
It may seem like a good idea to talk to your spouse and come to an agreement on a settlement ahead of time. Many people believe that the best divorce advice is to negotiate as much as possible in advance and then consult an attorney to get the stamp of approval.
But once you’ve agreed on things, it can be difficult to go back and change them, even if nothing is official. A lawyer may recognize and point out flaws or deficiencies you never considered. But you may encounter resistance in trying to alter your arrangement if your spouse believes you’re going back on the deal already in place.
Perhaps the best advice about divorce, legal or otherwise, is to be prepared, whatever that looks like. Familiarize yourself with the process, know what forms and documents you need, and be as organized as possible.
Knowing what you want and what you’re willing to give up will go a long way toward helping you achieve your ultimate goals.
Related Reading: What is A Divorce Deposition?