When mulling over a potential divorce, a lack of careful planning can result in inadvertent emotional and financial ruin. At Pinder Reaux & Associates Ltd, we can help you to put together an effective divorce strategy – and so can the following pieces of advice.
Seek help from a marriage counsellor
Remember that divorce should be a last resort, not a first step. Marriage counselling can help you to discern whether the marriage can be saved and, if it can’t, learn more about yourself with a view to preventing ending up in any other similarly unsuccessful marriages.
Consider what you must prove to get a divorce
A divorce isn’t even a legal option unless you can establish that there has been adultery, unreasonable behaviour, two years’ separation and agreement to the divorce from each partner, five years’ separation, and/or desertion of at least two years.
Look at how long you have been married
It’s not possible to get divorced until your marriage has lasted at least one year. Should the relationship break down before then, separation is an option in the meantime. During this time, you can follow various other steps mentioned here.
Thoroughly educate yourself about the family finances
The more you do this, the better prepared you will be in the event of a divorce. To this end, learn your mortgage balance, and get hold of copies of tax returns, bank statements, investment accounts, and credit card statements.
Think about custody arrangements
What setup would be most convenient for you, your partner and, of course, the children? You might be happy with shared or joint custody, or instead seek primary physical custody. Don’t overlook what is possible realistically.
Consider your future financial requirements
After you have looked over the family finances, as previously suggested, it’s time to draw up a budget for the future. Other factors worth keeping account of include your job security, whether your spouse works, and whether you need to complete a degree.
Consider what you wish to do with the home
Maybe you want to keep it for yourself, or would prefer that your spouse takes it. Alternatively, you might wish to sell it. It’d be important to carefully negotiate the home’s future if the divorce indeed went ahead.
Keep a diary and monitor electronic communication
In writing the diary, take account of factors including how much time you spend with your children. The diary can be usefully turned to on a regular basis during the divorce basis. Also, maintain a close look over electronic communication, including emails and text messages.
Think about your future plans
Basically, how do you want your life to pan out in the next one, five, ten years? A divorce will significantly affect your life, and so you should carefully consider how it could influence what you are hoping to do in the foreseeable future.
Read up on what the divorce process involves
The Law Donut has posted a useful summary of what you can expect at various stages of the divorce process.