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Getting ready for a divorce?

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If you are starting the new year with plans for a divorce, there are a few things you should do.

  • Gather tax information for the last 3 years including income tax returns with supporting documents, property tax bills, and the last pay stub for each year.
  • Gather bank statements, credit card statements, mortgage statements, life insurance policies, 401(k) and other retirement plan statements
  • Interview more than one lawyer to find the firm that is a good fit for your needs. Often, two people with lawyers can get a divorce accomplished more quickly and at less cost than people who are unfamiliar with the law.
  • Confirm what health insurance will cost for the future with COBRA or other alternatives.
  • Do not take your spouse or children off of any insurance policy until the divorce is completed.
  • Set up an email account that only you can access.
  • Utilize two factor identification as much as possible for online services.
  • Take steps to be confident that joint assets won’t be depleted by one party.
  • Understand that no one has to move out while the divorce is going on. It is generally better to stay in one household unless there are domestic violence concerns.
  • Your spending will be scrutinized. Do not spend money that you cannot account for clearly.
  • Set up alternative parenting schedules and practice them now.
  • Consider counseling to navigate the divorce process for you and your children.
  • Do not use social media as a way to express your personal life details and instruct your family to avoid social media discussions about you and your family.
  • Give serious thought as to what is in the best interests of the children. While there may be a financial benefit to one parent having more parenting time than another, really consider what is best for the children.

Wakeman Law Group

741 S. McHenry Avenue

Crystal Lake, IL 60014

815.893.6800

https://wakemanlaw.net/

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