Organize your current finances. The crux of all divorce settlements and cases has to do with the divide of assets and debt. The best divorce advice is to be proactive in organizing all financial documents such as income statements, tax reports, credit card statements, savings account receipts, stocks, retirement and life insurance policies, etc. Although most people in the midst of a divorce are focused on splitting up what they currently possess, it is also important to focus on what debts are being divided as well.
Don’t make any sudden changes during a pending divorce hearing. Although you might feel it is necessary to move out of your home to begin your new life, any sudden changes might have implications on how a judge would create the equitable division of assets. For example, if one spouse moves out and the other spouse is living in the home and making all mortgage payments and paying utility bills, a judge may favor the person living in the house to retain the home. Before making any changes to your current living situation while in the middle of a divorce proceeding, make sure to speak to a divorce lawyer first.
If you or someone you know is going through a legal separation or divorce, contact 1LAW to find out how we can help navigate the process and protect your interests. Feel free to explore 1LAW’s family law resources. www.1law.com/family-law/