Helping Clients Navigate A Course To A Better Future

3 ways to prepare for a divorce in the New Year

As 2017 is coming to a close, you may be thinking about ending your marriage. After making it through the holidays, you may want to have a fresh start in 2018 and file for divorce in January. While you may wait until the new year to file, you will want to do some planning before then.

Divorce takes a lot of work, and you must get some things in order before you officially begin the process. Here are some steps you should take now so you are ready to divorce in 2018. 

1. Take inventory of your property

Knowing what you own is crucial to preparing for divorce. Make a list of all your property, including:

  • Real estate
  • Vehicles
  • Retirement accounts
  • Life insurance
  • Business interests
  • Household goods and furniture
  • Collectibles and antiques
  • Safe deposit boxes

When creating this list, determine what may be separate or marital property. This will prepare you for the property division process

2. Organize essential documents

You will need some papers during your divorce proceedings. Assemble important documents such as:

  • Mortgages, deeds and home equity loans
  • Vehicle loan papers and titles
  • Tax returns
  • Estate planning documents
  • Insurance documents
  • Proof of income
  • Investment records
  • Marriage certificate

Gathering these documents now will prevent you from having to scramble for them later. You should also make copies of everything.

3. Make a budget

Divorce can be expensive. Create a budget for the following expenses:

  • Utilities
  • Food
  • Transportation
  • Clothing
  • School supplies
  • Insurance
  • Health care
  • Education
  • Entertainment

Making a budget will help you determine how much you can afford. You should also start to think about what child support or spousal support will look like. 

According to the Huffington Post, the New Year is a common time for divorces to begin. While this timing makes sense to many people, including you, make sure you do some planning ahead of time. Follow the three steps above to be ready for the end of your marriage.

Client Testimonials

A Wonderful Experience

I had a wonderful experience with Kennedy Law Associates. Marsha Kennedy and her Associates were knowledgeable, efficient, and caring. I felt like my case was a high priority to them, and they helped me understand every step of the divorce process throughout my entire case. I would highly recommend this firm to anyone looking for assistance with a family law matter!
Jennifer Haines

Smart, Caring Staff

I am savvy financially, but had no clue about the divorce process. Through it all, Ms. Kennedy and her staff have been there for me and my kids.
Anonymous

The experience you need through a difficult time

Marsha Kennedy and her team has expertly handled each situation and guided me through the process.
Kelly

Highly Recommend!

Kennedy Family Law did a wonderful job representing me in my divorce. Always responsive and kept me informed – they really cared about me.
Bette Frederick

Highly Recommend!

I have been working with Marsha Kennedy and her team and am so impressed with how my case is being handled.
Kelly Peterson
FindLaw Network