There are a number of issues that have to be resolved in a divorce. If there are children involved, the issues can become that much more complex and complicated. Child custody, child support, visitation schedule, alimony payments, possible spousal support, property division and the like are all things that come with a divorce. A divorce can be amicable but it seems that most are not. As such, the person with the better strategy will fare better in a divorce proceeding. So, it is important to be prepared once the topic of divorce comes up.
As in a game of chess, there are certain things that need to be done to ensure that one is protected when going through a divorce. Varying opinions exist on the notion of the “best” divorce approach, but there are a few things that seem to be on all the lists of what to do in divorce. For instance, it is imperative to have one’s own bank account, retirement account and credit card accounts. Having some degree of financial independence is the key to moving forward after the divorce. Other proactive measures include, but are not limited to, making copies of all important paperwork, opening another savings account and getting the divorce case into court as quickly as possible.
All the planning in the world cannot necessarily prepare a person for how the court will handle the end of a marriage. Courts have different rules and regulations to follow depending on the state where the divorce is taking place. To even get a divorce and have a court hearing, certain criteria may need to be met beforehand.
Preparation is the key to having as non-disruptive a divorce as possible. Additionally, preparedness may ensure that at the end of the day, there is a favorable outcome in the proceedings.
Source: USA Today, “Protect your finances while divorcing a bully,” Elizabeth MacBride, June 23, 2013