No one really plans for divorce in the same way that they plan for weddings. Because of that, Florida couples thinking about divorce might not know where to start.
Even before you contact an attorney, there are some important steps to take when considering divorce. Because of the emotions that go into the decision, it’s important to take time and not rush the process.
What’s the first step?
The first step that people should take – maybe even before they find a divorce attorney – is to get all of their financial information together. This information is important, as everything will be split between you and your spouse in the divorce.
Many divorcing couples tend to focus on the assets, and with good reason. But debts are also considered assets, and it’s important to know what you owe.
Looking over all of your financial information is also important for planning your life as a single person. You’ll want to make sure that in the divorce negotiations, you’re left with enough to support yourself as you go from two incomes to one.
Start preparing for your single life
If your line of credit is all tied to your spouse, you might want to consider opening a line of credit that’s not attached to them. You’ll also want to start opening separate bank accounts.
After you’ve filed for divorce, you’ll want to go through and start closing joint accounts with the help of your spouse. You’ll also want to go through and make sure your spouse doesn’t have access to any of the financial accounts that are yours independently.
What to do until the divorce?
Generally, your attorney will tell you to refrain from making any big purchases or decisions in the divorce. It’s a lot of hurry up and wait, but taking the above steps to prepare can make the process easier.