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5 Steps to Take When Preparing for Divorce

The first and most important step is to find out a Good Divorce Lawyer who can represent your case and fight for your rights. Choose an experienced attorney with at least five years of experience practicing family and divorce law and you need to consider an attorney who leans toward a collaborative approach during the divorce. Before finalizing your attorney makes sure you are hiring an attorney who can litigate your case before a judge.

Gather financial information like make sure where you are your spouse are standing financially because during the process of Divorce you have to make an equitable distribution of marital assets and debts. Make a list of all possible assets and Gather all documentation regarding each asset, including the present value, when and where the asset was purchased, and whether it was purchased with joint or separate funds. You will especially want a copy of any recent real estate appraisals. Give all documentation over to your attorney and be sure to keep a copy for yourself.

After analyzing all assets, you have to make a report of your credit and any debt you have will be listed on your report. Once you determine what debt exists, you need to obtain statements on all open accounts with the balance due showing. And turn this information over to your attorney, but remember to keep copies for your files.

Make a Documentation of your income and your spouse's income and make copies of income statements before separating and filing for the divorce. It would be a good idea to know about what your costs of living will be after the divorce. Most people's incomes drop drastically after divorce. Be prepared by building a budget now instead of being hit over the head with bills you can’t pay.