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How To Reduce Uncertainty During A Divorce

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How To Reduce Uncertainty During A Divorce

The decision to divorce is not an easy decision. Once you make the decision, the unknown time and financial impact can be a significant source of stress.  Below are some recommendations for those that are contemplating or have just begun a divorce to keep yourself focused on moving your case forward.

  1. Organize your finances: This allows you to have critical data at your fingertips to be able to make an informed decision regarding the division of assets and liabilities.
  2. Prepare a Budget: This allows you to plan for support obligations and to create a spending plan for you during the case so that you do not have to use credit.
  3. Talk with a CPA or financial planner to consider any potential tax implications or how to best preserve retirement and higher-valued assets.
  4. Set a reasonable timeline so that you are prepared for upcoming events. As a general rule, you should have everything that you need at least two weeks prior to an event, such as mediation or a hearing.
  5. Talk about shared parenting time and responsibilities. for children both during and after the divorce. Keeping an open dialog with your ex-spouse can ease the transition for you and your children.

Laurie Schmidt is the principal attorney at Schmidt Law Group. For more information or to contact Ms. Schmidt or Schmidt Law Group, please visit thedivorceattorneydenver.com or call at (303) 747-4686.