The end of your marriage will be sure to bring significant changes to various aspects of your life. From your finances to how often you see your children, you will have to make many different adjustments after your divorce. These changes can be difficult and complicated, and you will want to take steps to ensure that this process is as smooth as possible. One thing you can do that will make this easier is to prepare ahead of time for each step of your divorce.
Divorce is a legal process that will impact your finances, child custody, where you live and much more. It is in your interests to take the time to learn more about what you will encounter during your divorce and how you can protect your future interests. The decisions you make throughout the process will have an effect on your life for years to come, and you will benefit from maintaining a focus on what will make the most sense long-term.
Preparing for your new life
It may help to think of your preparation for divorce as preparation for your new life once the process is final. Every divorce is different, and the specific things you will need to do to get ready for what is ahead may depend on your objectives, your finances and other factors. However, many Alaska spouses preparing to divorce may benefit from the following steps:
- Determine your exact income and the income of your spouse, considering all income streams and sources of money between the two of you.
- Take an inventory of your assets and determine a value for all marital property, as this is subject to division during your divorce.
- Gather the financial information you will need during your divorce, including tax returns, copies of your paycheck and other financial documents.
- Determine how much debt you owe as a couple as marital debt is also subject to equitable division during your divorce.
- Determine what your post-divorce budget will be, and consider adjusting your spending to your new circumstances.
These steps will not only make your divorce process easier, but they will also allow you to have a smoother transition to your post-divorce life. During this time, it is normal to have strong emotions, and while your feelings are valid, they are not always indicative of what will truly be best long-term. As part of your preparation for divorce, you may benefit from having experienced guidance from the earliest stages.