You’ve probably heard that half of all marriages in the U.S. end in divorce. Well, that statement is not far from the truth because, according to the American Psychological Association, almost half of all married couples, or 45%, end up divorcing.
Nonetheless, no matter what the circumstances are, divorce is a painful process. It’s a difficult journey from beginning to end, and you can continue to feel emotional for weeks, months, or even years after the divorce. When a divorce is finalized, the latent resentment, hurt, confusion, disappointment, and even self-blame do not simply vanish.
However, with some planning, smart women may reduce the burden and difficulty of life before and after divorce. Though it is a stressful time for everyone, life can become even more complex and complicated for women, particularly mothers who don’t have a divorce plan in place.
In this article, we’ve gathered the most advanced divorce tips and steps that every woman should take while preparing for divorce to become official to help make the transition a little smoother and more manageable. Continue reading for advice that any woman going through a divorce should hear.
Steps To Take When Preparing For Divorce
Consult With An Experienced Divorce Attorney From Your Area
First things first, there are many reasons why you should immediately hire an experienced attorney when you are preparing for divorce because, in most cases, getting divorced can be a heavy burden. Nevertheless, even when you think you have agreed on everything with your partner, and even when you do not have much to share, hiring a divorce attorney who will lead the whole process of separation professionally is still the best decision for you.
Above all, it can be challenging to handle a divorce with a calm and level mind. Emotions will cloud your judgment and cause you to make hasty decisions. This is where a divorce attorney can help as they are an impartial third party that is not motivated by sentiment and will help you make decisions.
Secondly, the attorney you will choose will determine if your agreement is reasonable. Even if you and your soon-to-be ex-husband believe you have an arrangement that splits your savings and debts equally between the two of you, this arrangement should be evaluated by an experienced solicitor to see if it is genuinely equitable to all of you.
The most important thing of all, by hiring an experienced divorce attorney, you’re actually hiring a well-informed, seasoned professional who will have your back during the process and give you the much-needed sense of strength and preparedness throughout the divorce.
Collect All Relevant Documents
Although, undoubtedly the whole process is complicated and you may not find much will to act right from the start, the second step of getting divorced is to get a good understanding of the financial specifics of what you and your (ex)partner earn, what you owe, and what you have accrued (i.e., salary, debts, and possessions). This includes collecting bank records, financial documents, savings reports, loan papers, tax returns, and all other relevant docs and storing them in a safe place.
Also, keep an eye on your digital mail for new statements, and be on the lookout for any updates your ex makes (a new account, money disappearing from a joint account, or significant expenses). Don’t hesitate to use your mobile phone to capture documents you do not have in your hands. If you do not have access to these documents, contact the IRS and request a copy of your tax return.
Start Examining Your Credit Report
Examining your credit history will give you an indication of where your credit stands. Testing your credit history will also disclose any debt that has to be resolved after the divorce if you were not the partner in charge of finances.
Furthermore, as you move to financial freedom, learning your credit score is essential. When you have decent credit, it would be much easier to find accommodation and make significant transactions. As a result, knowing where you stand and, if possible, finding opportunities to change it is an intelligent thing to do.
Determine If You Should Remain In Your Home
Not all divorcing women want to remain in their family homes after the divorce. However, if you’re going to continue to live there, you must first determine if you can manage to do so. After a divorce, the last thing you want is to lose your family house because you are financially incapable of maintaining it.
On the other hand, if you bought the house while being married, it is believed to be community property. This ensures that both partners have a stake in the land. So, if you’re the one who bought the house and want to remain in it for the foreseeable future, you’ll have to compensate your partner for their share of the property.
Open New Bank and Savings Account On Your Name Only And Start Saving
Using a credit card under your name will assist you in developing your own credit. Credit cards can also help with day-to-day living costs after a divorce when the other savings could be frozen or inaccessible. Do this before any divorce proceedings begin, mainly if you do not work or your income is significantly lower than your husband’s?
Once you get back on your feet the best thing you can do is to start saving. By building up some cash, you will secure a better future after the divorce, and you will make sure that you will be able to cover all the unplanned expenses yourself. Make regular payments monthly or quarterly and consider this fund as emergency money for the near future.
You might be worrying about how you can put the pieces back together after your divorce. During this time, you must be careful of many matters, including your financial well-being, emotional and physical health, and the legal implications of your divorce.
While having to deal with all of that stuff can be exhausting, countless women before you have divorced and gone on to live happier lives. You, too, will get through the difficulties if you follow our divorce advice tips and have an optimistic eye on the future.