Protecting What You Value Most

Tips to prepare for divorce

by | Dec 11, 2022 |

Divorce can seem like an intimidating and overwhelming challenge. If you are considering divorce, you may not know where to start.

Getting organized and planning ahead can help lessen the anxiety caused by separating your life from your spouse.

Gather financial information

Tax returns and pay stubs from both you and your spouse will paint a picture of your income. Bank statements and information about all of your individual and shared assets will give you a bigger financial picture. Gather information about investments, retirement accounts and property. Be sure to gather information about any shared debts you have as well, like a mortgage for your home.

Make a budget

Your finances will be different after divorce. Consider your monthly income and expenses to determine what you will have to live on once the divorce is final, then prepare a budget. Having this information will help you decide what to try to negotiate for in your divorce settlement.

Find support

Divorce is stressful and challenging. Seek out people you can count on for support throughout the process. Identify friends you can confide in or turn to when you need to relieve stress. Look into organized divorce support groups. Support groups offer a way to connect with others going through the same struggles and dealing with similar issues.

Divorce is often a more challenging process than expected. An attorney can help explain your options and give you the information you need to make decisions. Contact Travers & Travers at 281-492-2166 or through our website for help navigating the process.