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3 Important Steps to Take to Prepare for Your Wisconsin Divorce

Posted on in Divorce/Family Law

Waukesha County spousal maintenance attorney

Getting divorced is often a long and tedious process for many couples. There are many things you have to do before you can officially call it quits. Many couples share nearly everything when they are married, including finances. While this can be convenient and useful during a marriage, it can prove to be a hassle during a divorce when you must disentangle your and your spouse’s finances. Divorce is difficult not only because of the financial aspect, but also because it is an emotional process as well. Major life transitions can be much easier with preparation, and divorce is no exception. Below are a few practical ways you can prepare for your Wisconsin divorce.

Understand Your Financial Situation

It is not uncommon for one spouse to be more knowledgeable of the finances in a marriage. If you are getting a divorce, it is important that you have a clear picture of what your finances look like. First, you should gather all of your financial documents, such as bank statements, credit card statements, as well as information about investment and retirement accounts. In addition, it is important to know about any assets you may own, such as real estate, vehicles, or other expensive items. You should then determine if you have any debt for which you and your spouse are responsible, such as credit card balances, a mortgage, vehicle loans, plus other outstanding bank or personal loans. This can give you a clearer picture of what you are working with when it comes time to divide your assets and debts.

Plan for After the Divorce

Next, you should begin planning for your life after the divorce is final. Although it may be difficult to look that far into the future, doing so can save you a headache in the long run. You should open up your own bank accounts and begin depositing your income there. Opening a credit card with just your name on it can ensure that you will have a decent credit score after the divorce. It can also be beneficial to create a post-divorce budget that can help you manage your finances. In some cases, a spouse may be awarded spousal maintenance or child support payments depending on the allocation of parental responsibilities and other factors, such as the length of the marriage or employment opportunities.  

Remember That a Divorce Will Not Be Easy

Perhaps one of the hardest things about a divorce is the sentimental side of things. Even a spouse who asked for a divorce will likely feel a sense of loss and grief during the divorce process and in its aftermath. It is important to understand that getting a divorce is not something that will happen overnight, nor is the healing process. You will have good days and bad days, and that is okay. Allowing yourself to go through this often challenging process and knowing that you have a new road ahead of you is key to a happy and successful future.

Contact an Ozaukee County Divorce Attorney

While preparation is extremely important for a smooth divorce, finding a qualified divorce lawyer can be equally as important. When you are going through a change as personal and as demanding as a divorce, you should be working with a knowledgeable Jefferson County asset division lawyer who you can trust. At the Bucher Law Group, LLC, we understand how emotionally and financially taxing a divorce can be, which is why we make every effort to help your divorce be as simple as possible. Our family law attorneys have more than 100 years of combined experience helping couples sort out many kinds of divorce and family-related issues. To schedule a free consultation, call our office today at 262-303-4916.

 

Source:

https://www.wife.org/a-step-by-step-guide-to-preparing-for-divorce.htm

 

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