Things To Consider Before You Undergo A Divorce

Divorce is a process that many people dread

Divorce is a process that many people dread. When they got married they planned on it lasting forever. But life is all about change and sometimes these changes tear a marriage apart. If you are considering a divorce it will serve you to do the proper preparation.

Sound choices are essential if you want to begin a fresh, new life after your divorce. This requires focused planning and proper preparation. Below are 3 activities that will help you prepare for life after divorce and get through the proceedings more easily.

Gather Your Paperwork

The amount of details and information that are required for a divorce can seem overwhelming so it's best to begin collecting any paperwork you will need as early as possible. You'll need to have a record of names, account numbers, addresses, and telephone numbers for all of your assets and debts.

Do not forget bank accounts, cards, loans, stocks and bonds, mortgages, and title information. It also helps to have tax statements for the last 3 years together with pay stubs and work information. If there's a business involved, get a copy of the tax records, assets, and debts. Other paperwork to consider are deeds, prenuptial or antenuptial agreements, wills, and powers of attorney.

Talking to qualified legal counsel at this stage is very beneficial. Such counsel can help you sort through all you decisions and options in a professional and concise manner. They can recommend the best options open to you. You'll be establishing a relationship that you can trust and rely on.

Ensure that Taxes Are Current

Make sure that all Federal, state, and local taxes are paid and up to date. This can be a major hassle once the divorce is finished, and a tax lien is the very last thing you need as you start your new life. If you think that your partner hasn't reported taxes correctly and stands to be checked, consider filing amended tax returns as married-filing separately.

Investigate Insurance Coverage

Consider getting insurance if you're covered on your spouse's insurance. Get complete dental and medical check-ups for both you and any children you may have. At this time, make sure you get any obligatory procedures completed.

Begin checking into getting your own coverage for health, vehicle, and home, and take these costs into account for your post-divorce budget.

Going through a divorce is never easy. However proper planning and qualified legal help can help difficult proceedings go more smoothly.

by: Debbie Moldovan

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