Preparing Your Finances for Divorce
When considering divorce, it’s important to first understand your finances. What does the community have, and how is it supported? Do you own property or a business? Are there investment or retirement accounts? Have either of you received inheritances? What do each of you earn?
Not all relationships have financial transparency, and too many people come to me wanting to know their options without knowing their current financial picture. In order to know what your life might look like after a divorce, including how you will support your household without your spouse or partner, you need to know what the community has now.
Look through your records and make a list of every asset and debt you know of that is part of your estate. Once you understand your financial situation as best you can, consult with an attorney. Be completely honest, and ask every question you have. Some find it helpful to prepare a list of questions before the consultation to ensure they cover every concern. Know that Family law attorneys realize the divorce process is foreign to you and we’re here to help.
Choosing a Divorce Attorney
If you do decide to proceed with the divorce, choose an attorney who is a good fit for your goals. For example, if you want to proceed as amicably as possible, tell your attorney that and make sure they’re on board. Communicate your needs and expectations as a client and ask how the attorney will meet those needs. A good attorney-client relationship is one of mutual trust and respect. Choose an attorney with whom you can cultivate that relationship, and you eliminate one potential stressor while going through your divorce.
Dealing with Emotional Hardship
Also, no matter how amicable your divorce may be, chances are it will still be emotionally challenging. Don’t be afraid to add a therapist to your support network of family and friends. Your attorney should be able to recommend a therapist who can help you work through the emotional hurdles you experience along the way.