Deciding to end your marriage is a major decision that will affect most areas of your life. As you look to move forward with this choice, you will benefit from taking steps to get ready for the process. Even if you expect an amicable and smooth process, you still need to prepare for your divorce. This effort can help you avoid problems and ensure that you are able to pursue terms that will allow you to look to the future with confidence.
Preparation for divorce is unique for each situation. What you need to do to get ready for what is ahead depends on factors that are unique to your objectives and plans for the future. Taking the time to learn about your rights, create a strategy and put yourself in the best possible position before you move into the divorce process can be beneficial for your future.
Practical preparation is essential
It’s emotional to separate from your spouse and to acknowledge that most parts of your life will be different from now on. Divorce involves a lot of paperwork, important decisions and other things that can be overwhelming. The process can take months, but by taking these steps, you may be able to save time and prevent some of the stress associated with divorce. These steps include:
- Gather important financial information, including details regarding your bank accounts, credit cards, savings accounts, retirement funds and more.
- Make a list of all the assets you own, as well as the types of liabilities you and the other spouse have.
- Consider your income and any financial support you may receive after divorce, and make a budget that is appropriate for your post-divorce lifestyle.
- Begin establishing your own credit by closing separate cards and opening new accounts only in your name.
- Don’t move or decide to sell your home until after the terms of your divorce order are final.
Before or during your New Jersey divorce, it is also important that you not do anything that could compromise your standing during the proceedings. For example, it is beneficial to refrain from making large purchases or venting your divorce frustrations on social media. If you have questions about how you can protect your interests during divorce or prepare for this step, it is in your interests to have experienced guidance at every step.