Prepare for Divorce

Like anything else in life, things usually go better when we prepare for them. Not everyone can prepare for a divorce, sometimes it just comes at us when we least expect it. But if a divorce is something you are contemplating, taking the time to prepare for a divorce, and thinking about how to broach the subject with your spouse can have real benefits.

Understand your finances-
It may seem crude, but finances are a reality that must be considered when contemplating a divorce. You are breaking up not just an emotional partnership, but a financial partnership, as well. Thus it is essential to be knowledgeable about the assets and liabilities of your marital partnership. Gather your financial papers; make copies of recent bank statements, investment accounts, retirement fund statements, credit card statements and other important documents. Get a handle on the monthly living costs are for you and your family.

Consult with an Attorney –
It is wise to consult with an attorney to learn what the divorce, property division, and ,if relevant, child support and child custody laws, are in your state. Having this information may help you decide if divorce is the right thing for you at this time in your life. An attorney also may help guide you about things such as how to think about divorce, inform you about laws that may guide decisions about timing to file for a divorce or support. An attorney also can refer you to other professionals such as a divorce advisor, or divorce financial planner, who can help you make critical decisions.

Schedule a time to meet with your spouse –
Invite your spouse to meet with you at a neutral, quiet and public place. It is better not to meet at home, since for each of you the moment of the talk will be difficult and it is better to limit emotional attachments. One of you may end up living in the family home, and it is better not to have the reminder of “this is the room where he/she told me…”

Plan for the immediate future –
Think about whether you will be moving out of the marital home after you tell your spouse that you want a divorce. , It may be helpful to have a temporary place lined up. If there are children involved, plan for your children. Do not have your children present when you tell your spouse. Your children should be told separately (see blog entry on Talking to the Children) Always it is preferable whenever possible for the two of you to work out custody between yourselves in an amicable way rather than have the Court determine custody.

Be clear and direct – stock-photo-19935541-close-up-of-mature-couple-fighting.jpg
Tell your spouse that the marriage is over; if that is what you have decided. It is better not to leave open hope for reconciliation if that is not your intention. Try to avoid placing blame. It is rare, if ever, that only one person is responsible for a marital breakup. Share your responsibility for the dissolution for the marriage and be ready to listen to your partner’s feelings. This is not the time to discuss property division, although it might be a good time to assure your partner that he/she will be financially secure going forward.

Here are some articles that may be of interest:
http://www.huffingtonpost.com/jeffrey-a-landers/9-critical-steps-women-sh_b_828841.html#s248113&title=Take_an_inventory

http://www.askmen.com/money/investing_250/262b_financially-prepare-for-a-divorce.html