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9 Steps to Take When Preparing for Divorce
Getting a divorce can be a complex, difficult process. The strong emotions involved with the end of a marriage can be hard enough on their own, but they can be especially difficult when paired with financial issues and practical considerations related to living arrangements and parenting. Being prepared to address divorce-related issues can help make this process easier. If you are considering divorce in Wisconsin, it is important to understand the steps you can take to protect your interests as you prepare to separate from your spouse and dissolve your marriage. A skilled attorney can help you determine the best approach to take during your case.
As you prepare for divorce, you will want to:
Gather Important Documents
Before initiating the divorce process, it is important to gather all relevant financial documents such as bank statements, tax returns, pay stubs, mortgage information, credit card statements, and investment account statements. These documents will be crucial during property division negotiations.
Evaluate Your Finances
Analyze your current financial situation and create a budget that reflects your anticipated post-divorce income and expenses. Consider consulting with a financial advisor to gain a better understanding of your financial situation. This can help ensure that you make sound financial decisions as you establish new living arrangements and address other financial concerns.
Create an Emergency Fund
Financial stability is essential during the divorce process. It is a good idea to start setting aside money in an emergency fund that will provide a safety net if unexpected expenses arise during this transitional period. You may be able to use the money you save to pay for housing expenses or other regular bills, and you will have resources available if you encounter unforeseen costs such as car repairs or medical bills.
Take an Inventory of Your Assets and Debts
It is important to understand what you own and what you owe, including marital assets you co-own with your spouse and separate assets that are your sole property. By listing assets such as real estate properties, vehicles, investments, retirement accounts, business interests, and valuable personal belongings (such as jewelry or artwork), as well as any debts incurred during the marriage, you can make sure financial issues will be addressed correctly as you divide marital property and make other divorce-related decisions.
Safeguard Your Digital Presence
In today's digital age, it is crucial to protect your online presence during divorce proceedings. Change passwords for all personal accounts, including emails, social media platforms, and financial websites. Be cautious about what you post online, as the information you share could potentially be used against you in court.
Explore Support Networks
Divorce can be emotionally challenging, and it is important to have a strong network in place to ensure that you receive the support you need. You can reach out to friends or family members to discuss your divorce or other issues in your life, or you may consider joining a local divorce support group where you can connect with others who are going through similar experiences.
Prioritize Self-Care
Taking care of yourself both physically and emotionally is crucial during this difficult time. By engaging in activities that bring you joy, you can maintain a positive attitude. You may also be able to alleviate stress through exercise, meditation, therapy sessions, or spending quality time with loved ones.
Consider Mediation or Collaborative Divorce
If you can cooperate with your spouse to reach agreements, you may be able to utilize negotiation methods that provide an alternative to traditional divorce litigation. With mediation, you can work with a neutral third party or even hire one attorney to guide you through creating mutually agreeable solutions for issues like property division, child custody, and spousal support. With collaboration, you and your spouse can work together, along with your attorney, to engage in productive negotiations and reach equitable agreements. These methods of dispute resolution can help reduce conflict and promote cooperation in the future.
Consult With an Experienced Divorce Attorney
To protect your rights throughout the divorce process, you will need to make sure you are represented by a lawyer who understands the best ways to resolve the specific issues in your case. A knowledgeable attorney can guide you through each step of the divorce process while advocating on your behalf as you work to negotiate a settlement or resolve issues in court.
Contact Our Milwaukee Divorce Lawyers
If you are planning to get a divorce in Wisconsin, the experienced team at Gimbel, Reilly, Guerin & Brown, LLP can provide the legal help you need. Our Milwaukee County divorce attorneys will provide guidance tailored to your specific needs, and we are here to support you during this challenging time. Let us help you achieve a favorable outcome in your case. Contact us today at 414-271-1440 to set up a free consultation.
