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How Should I Plan for My Divorce?

If you are ready to leave your spouse and move on to the next phase of your life, you need to make sure you take all of the necessary steps that will ensure you are prepared for your divorce proceedings. Below, we provide you with tips for planning your divorce.

Locate All of Your Assets

Dividing assets between spouses can be one of the most contentious aspects of the divorce process. Spouses will go to great lengths to conceal their valuable assets, which is why you should create a detailed list that includes all of your:

  • Assets
  • Sources of income
  • Debts

You should also find your old tax returns and other important financial documents. Be sure you make copies of all these documents. All of this will be crucial when your lawyer starts to build your legal strategy.

Create a Budget

One of the most difficult things to adjust to when you get divorced is having to live off of one person’s income. If you are not prepared for this, you will likely have to take on substantial debt in order to stay afloat. Create a budget that will help you save enough money for legal expenses and living expenses.

Consider Alternatives to Divorce

Before you decide to completely end your marriage, you should first attempt to reconcile your differences. Finding a way to resolve your marital disputes can end up saving you a significant amount of time and money. You should also look into mediation or a filing for a collaborative divorce if you are worried you about spending too much money.

Do you have more questions about preparing for divorce? Call us at (832) 463-4933 to speak with an experienced family law attorney in Fort Bend County. Schedule your free and confidential consultation today!