TOP 5 THINGS TO DO TO PREPARE FOR A DIVORCE
1. Budget for Separating- Often in a marriage one person is much more knowledgeable about the family finances than the other. If finances aren’t your strong suit, take the time to educate yourself and become familiar with the monthly expenses/debts (as compared to the income flowing in). There are budget worksheets you can obtain from professionals in the divorce field that will help you figure out what you may be able to afford after separating from your spouse.
2. Know Your Assets- Cars, real estate, and retirement accounts are just a few examples of valuable assets that may have been acquired during your marriage. Learn the values of these assets, with the help of appraisers or other experts, to get a sense of your “net worth.” Keep in mind that the marital assets and debts would be split equitably (not necessarily equally) according to New York Law. A consultation with an attorney can provide insight into your personal situation about what may be an equitable distribution of marital assets in your case.
3. Decide Who Moves Out- Once you are comfortable with the financial aspects of divorcing, start planning for the next step, like who will eventually move out. This can be one of the hardest decisions, especially when young children are involved. Before making a final decision it is a good idea to consult with a divorce lawyer regarding this issue to preserve your legal rights before moving out.
4. Work out a Parenting Plan- When children are involved, it is often helpful to work with a family therapist, divorce mediator, or other professional who can help you come up with a parenting plan that works for your situation. There is no “one size fits all” parenting arrangement. Most important is to be realistic, practical, and sensitive to the needs and interests of all involved, especially those of the children.
5. Find Positive Outlets to Reduce Stress- Going through divorce is an extremely stressful time that often causes people to retreat, isolate themselves from others, and can lead to depression. Confide in family, close friends, and others you trust and lean on them when you are anxious, it will help clear your head. Spend time with people who can make you laugh, nothing beats laughter to lift your spirits. Last, find the time to exercise your body (and mind) to grow physically and mentally stronger. Perhaps try some yoga or meditation after mediation.
Yes, I am an attorney but I’m not your attorney, and this article does not create an attorney -client relationship. This article is legal information and should not be seen as legal advice. You should consult with an attorney regarding your situation before you rely on this information.