Considering divorce? Take these steps to prepare

On behalf of Gary Kirk of Kirk Montoute LLP posted in Family Law on Tuesday, November 3, 2015.

For most people who decide to divorce, they have spent a period of time contemplating the issue before taking formal action. Because the process can be long and difficult it is advisable that anyone in this situation is sure that it is what he or she wants. During the time of reflection before commencing the process, several steps can be taken to prepare. This preparation could make a difference in the resulting settlement.

The first thing is to take care of things that could be distracting during the divorce. These including making sure the house is in good repair and fixing any problems should they be identified. Next, repair anything on your car that could cost a lot to do later. It may even be a good idea to have the car gone over by a technician. You should take care of your body, too. Medical and dental matters should be addressed, not only for you but your children as well.

Second, it is a good idea to obtain a financial assessment. Gather paperwork pertaining to your mortgage, retirement account statements, bank accounts, credit cards, investments and bank account statements. Once gathered, they should be gone through to identify which expenses are expected to arise within the upcoming couple of years.

Last, get a lawyer and determine which approach you think you want to take to reach a divorce settlement. Depending on your circumstances collaborative divorce or mediation may be the best way to proceed. When this is the approach selected, a neutral third party must be secured.

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