How To Financially Prepare For A Divorce

by Michael Schomp

Nobody ever wants to end up in a divorce. It's not the plan you have when you get married, and sometimes you can be caught so off guard that you don't act rationally after finding out that your significant other wants a divorce. This can lead to additional fighting in the short term and it can also lead to a lot of wasted money as you navigate the divorce process. It can be difficult to plan for the future while going through a divorce, but according to US News, there are things that you can do to save money and put your best foot forward as you move on financially from your marriage.

Get the Help of a Divorce Lawyer

The first thing that you need to do is find a divorce attorney, and you'll want to talk to a few in order to make sure that you find the right combination of quality and pricing. Some lawyers charge as much as $1,000 per hour, while others charge as little as $100 per hour. You'll want to find one that you can afford, but you also want to be confident that you're getting sound legal advice.

Reduce Discovery Phase

You'll want to have your attorney give you a list of the documents that you need to gather, and then you can save money by rounding them up on your own time. If it is something that you can do, you are basically saving their rate per hour for all of the time that you spend hunting down documents and getting copies.

Try to put together a game plan with your attorney so that you can find out what he or she needs and where you can get it for them.

Document Your Financial Standing

Prior to proceeding through your divorce, it's important to thoroughly document financial information. Your salary, your assets and your tax returns from the last few years are used to help determine what each spouse is entitled to. This is usually a contentious part of the divorce, but it's crucial when it comes to protecting yourself financially.



This article was furnished by the attorneys at <a href="http://www.ayersfamilylaw.com">Ayers Family Law Firm</a>

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