Before you inform your spouse that you want a separation or divorce, it is in your best interests to get yourself organized and prepared for the process ahead. Divorce is complicated; failing to do some planning ahead of time can make the process even more challenging. The Fort Worth divorce attorneys at the Law Offices of Kyle Whitaker are experienced in Texas divorce law, and work with couples throughout the entire divorce process for the best possible outcome in each situation. If you are considering divorce, our attorneys guide you carefully through the process, protecting your best interests every step of the way.
Organize your documents
The divorce process involves a great deal of paperwork. Organizing your documents prior to filing for divorce can save you time and energy later on and eliminate the potential stress from being unable to locate that all-important document.
Make note of your spending habits
Knowing how much you spend and on what will help you in preparing for your life – and lifestyle – post-divorce. Keep track of regular monthly expenses as well as incidental expenses so you have a clear understanding of your financial situation.
Write down account numbers
Keep a log of all individual and shared bank account numbers, life insurance policies, automobile insurance policies, and homeowners’ policies.
Change individual passwords
Many spouses share passwords. Take time to create new passwords for any individual bank accounts, individual email addresses, medical benefits, and insurance policies.
Record the beneficiaries on all policies
It is common for spouses to list each other as beneficiaries on all policies. Make a list of all your policies – from your life insurance to your IRA – so that when your divorce is finalized, you can immediately make any necessary changes.
Think about your home
Many spouses want to hang on to the family homestead for emotional reasons. While that is understandable, it is not always financially feasible. Think about your home, the cost of maintaining the property, property taxes, and other costs so you can make an informed decision regarding your future residence.
Plan for divorce expenses
Set aside some funds to cover expenses related to the divorce proceedings. Having a financial cushion will ensure that you can see the process through without stressing about how you are going to pay for associated fees along the way.
Consider child custody issues
If you and your spouse have children, consider how you would like to resolve child custody issues post-divorce. This includes visitation, holidays, vacations, and anything else involving the day-to-day life of your children.
Our divorce lawyers work with couples in Fort Worth and Tarrant County
At the Law Office of Kyle Whitaker, our divorce attorneys guide couples in the Forth Worth and Tarrant County communities through all aspects of divorce, including child custody, child support, and spousal support. Let us help you. Contact our office today at 817-322-7703 or contact us online to arrange a confidential consultation.