Going through a divorce is an experience that disturbs life and emotionally drains people. Apart from the psychological consequences, there are many additional factors to consider.
You’ll want to be thoroughly prepared by organizing documents, money, and accounts so as to minimize stress throughout the divorce process and preserve your own mental health.
Divorce is always difficult and complicated; to ease the process, here are 7 things you need to take care of during the divorce process.
Going through a divorce, you may have to consider the following financial obligations:
Calculate the cost of transportation or other services to move your things, as well as the cost of utilities.
That depends on your situation, this can differ greatly. An amicable divorce can cost under $500, while a drawn-out divorce may set you back by much more.
New home fees
Consider rent or mortgage on a new property, plus security deposits, furniture, etc.
You may become solely responsible for the running of your car, or you may have to lease or purchase it if your ex shared it with you.
Alimony & Child Support
Depending on your situation, costs will vary but should be considered.
2. The Children
If you have children, they will be your primary consideration. You may want to consult a local family law attorney to discuss child custody arrangements, visitation schedules, child support costs, and other necessary custody issues. The divorce process is the same in general, but when children are involved, extra steps and considerations must be taken.
Additionally, if you haven’t already, it’s a good idea to sit down with the kids and address any questions or concerns they may have. Divorce involves kids too, and can be quite traumatic if not handled with care.
3. Hire a Lawyer
Having a lawyer during a divorce makes the process less complicated, especially if there is tension between you and your ex-partner. It may be helpful to consult with an attorney before beginning the divorce process or signing off on the mediated settlement agreement (MSA).
Hiring an attorney may increase your divorce costs, however, they may also save you time, money, and stress in the long run. Even if you decide to hire a lawyer, you must find your own lawyer – you cannot use your spouse’s lawyer in the divorce proceedings.
4. Bank Accounts
If your ex and yourself were financially independent during the time you were married, this is much easier to deal with. The process can unfortunately be a little bit more complicated if all of your assets are tied together.
You should look into opening a bank account of your own if you don’t already have one and close or arrange to close any joint bank accounts.
Do not transfer funds from joint accounts into individual accounts until the divorce settlement is finalized unless you have worked out all the attached details with your ex. In order to avoid penalties and lengthy proceedings, all assets must be accounted for.
5. Things Take Time
The best thing you can do is accept that you will not have a clear vision of the future for quite a few months. This is a very stressful time for everyone involved. Chances are the proceeding will go through a few different stages, and it’s best for you to “go with the flow” to prevent any additional stressors like worrying about the future.
Divorce isn’t just the ending of a marriage; there are other factors like finances and child arrangements to consider. Just take things one day at a time. Once everything is dealt with, you can concentrate on your peace of mind.
6. Make Living Arrangements
If your separation isn’t amicable, the last thing you need is cohabitation. While the divorce is pending in court, you will need to decide who will remain in the marital home.
If you can, try and look for somewhere else to live. Even if it means you’ll have to scrimp and save for a little while as you transition. You should consult your attorney before leaving the marital home to ensure you don’t forfeit your rights.
7. Sort Out the Car Insurance
The process of changing your policy requires both of you to agree, which can be challenging if one of you is unwilling to cooperate (the uncooperative person usually keeps it). If you are removed from the car insurance, make sure to purchase a brand new policy before you get removed from the old one.
You should ensure that any autopay insurance payments tied together to a banking account or a joint credit are transferred to the policyholder that already exists. In addition to not paying for insurance that isn’t yours, you also don’t want the policy to lapse due to non-payment of premiums.
Divorce is challenging enough without having the added complication of finances and paperwork. If you’re struggling, reach out to someone and ask for help. Taking care of yourself is the most important aspect during divorce proceedings.