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Ways to Prepare for A Divorce in New Year

Handley LLC Feb. 17, 2021

Many people set expectations and make resolutions for 2021 with 2020 behind us. If divorce is one of the main changes this year, then a range of steps should be taken in preparation for a lawsuit. This is particularly important if you don't know your household's finances. Below are the crucial things you can start to gather if you want your marriage to end this year. Also, do not forget to consult with a family attorney to make the process easier.

Data on Finance

Spouses have been cut off from credit cards and even removed from joint accounts after they announce that they plan to file for divorce. For this reason, for the last few years it is important to obtain financial statements before you speak to your spouse about the divorce. For your divorce case, there are relevant financial documents you need:

•      Declaration of credit card

•      Workers bank and statements of investment

•      Two years' versions of tax returns

•      W2, 1099, 401(k), IRA statement of pensions 

In order to evaluate the value and nature of certain properties and community property, all the documents mentioned above are required.

Set up Your Own Finances

You should make sure to have a separate bank account with ample money that covers at least one month's spending and the retention fee of a divorce lawyer to prevent a financial cut off. You should also develop a secure location for sending and receiving new accounts that you make. A family attorney can help you better than a direct divorce lawyer. It is also a good idea to keep receipts, monitor transactions and periodically review your bank account to help you keep track so that you can have a reasonable monthly budget for a single household.

Consider Planning the Family for Divorce Before Filing

Generally, it is necessary and very helpful to plan the whole family for divorce. Children benefit from a joint agreement on the divorce from parents. The adverse consequences that can sometimes occur as a result of a divorce should not limit yourself, your wife and your family, and appear to be far-reaching.

Where controversial, relatives or friends can also be asked to participate in the divorce. This also leads to ruptures in family friendships and rifts. If you talk to your wife about divorce and start a game plan, you and your family will be saved.

Meet with A Divorce Attorney

To complement the compilation and preparation of the documents we've discussed so far, a professional divorce lawyer should also be consulted to find out more about your choices and what you expect during the entire legal process. Even though divorcing cases are emotionally distressing and time consuming, it will give you faith to meet with an attorney to address problems that might arise in advance in the next chapter.

Looking for a family attorney in Oklahoma City, OK? Come to Handley Law Center to consult with experienced lawyers. Our attorneys can help you deal the case with ease.

** Disclaimer: This blog article is not legal advice and does not create an attorney-client relationship.