Divorce Checklist: 5 Ways to Prepare for Divorce
Preparing for a divorce can be a complex and emotionally taxing process. A skilled divorce attorney can alleviate much of the stress of divorce, allowing you to focus on other aspects of your life.
This detailed checklist can help streamline the many steps involved in filing for divorce and managing the subsequent changes in your life.
Key Documents to Gather Before Filing
Before filing for divorce, gather all relevant documents, such as financial statements, tax returns, and records of marital assets and debts. Include retirement account statements, insurance policies, and estate planning documents. Organizing these documents helps streamline the divorce process and gives you a clear picture of your financial situation.
Gather your spouse’s financial records, especially if they are jointly held or if you suspect undisclosed assets. Having access to online account passwords may also be necessary. Collecting these documents prepares you to address property division, alimony, and child custody.
How to Protect Your Finances During Divorce
Protecting your finances during divorce involves taking specific steps to ensure your financial stability. Begin by reviewing your financial accounts and understanding your obligations, such as child support or spousal support.
Open a separate bank account to manage your finances independently. This separation gives you access to funds and ensures you cover expenses without relying on your spouse’s accounts. Also, monitor your credit report, as divorce can affect both spouses’ credit scores.
If you have joint debts, communicate with your spouse about how to manage them. One spouse may be responsible for specific debts, which can complicate matters. Recognize the implications of marital debt to avoid disputes and escalating tensions. Consulting a financial advisor may also help you create a post-divorce financial plan.
Custody and Parenting Plans to Consider
When children are involved in a divorce, create a custody and parenting plan that prioritizes their best interests. Consider each parent’s availability and living situation when making custody arrangements. A well-structured plan helps both parents stay actively involved in their children’s lives, balancing visitation rights and responsibilities.
Address issues like child support, education, and healthcare needs. Include arrangements for holidays and vacations so both parents can participate in significant events. A clear agreement can minimize conflicts and reduce the emotional impact on your children.
Dividing Assets and Debts
Dividing assets and debts is a fundamental part of the divorce process. Marital property is divided equitably, meaning both spouses receive a fair share of assets accumulated during the marriage. This includes real estate, retirement accounts, and personal property. Separate property should be distinguished from marital property, as this distinction affects the division.
While Social Security benefits cannot be divided by the California Family Court, they may be considered when determining other issues in a divorce, such as spousal support.
Disagreements over asset division can lead to a contested divorce, which may complicate the process and increase costs. To avoid this, negotiate amicably, potentially with the help of a divorce attorney.
When to Speak with a Divorce Attorney
A lawyer can provide insights into divorce laws and explain your options. Even if the divorce seems amicable, legal support ensures your interests are protected throughout. If your spouse has already filed for divorce, seek legal representation immediately. An attorney will guide you through the complexities of family law and advise on matters like child custody, spousal support, and asset division.
Schedule a Consultation with a Beverly Hills Divorce Lawyer
Scheduling a consultation with a Beverly Hills divorce lawyer helps prepare for the divorce process. An experienced attorney will provide advice tailored to your situation, explaining your rights under California law. You can discuss issues like child custody, alimony, and asset division during the consultation.
Contact a Beverly Hills Divorce Lawyer Today
Call Berenji & Associates Divorce Lawyers today to learn how we can assist you.
Berenji & Associates Divorce Lawyers Los Angeles Office
550 S. Hill Street STE 1467
Los Angeles, CA 90013
(213) 277-2586
Berenji & Associates Divorce Lawyers Beverly Hills Office
9465 Wilshire Blvd #333
Beverly Hills, CA 90212
(213) 277-2586