- Never let your emotions make your financial decisions for you.
Family and Friends are excellent sources of support during the divorce process but they can be just as emotionally involved in your case as you are. Turn to the professionals you have hired who are not living in your head for support so your anger and frustration doesn’t end up hurting you financially for years to come when the anger and frustration fade.
- Familiarize yourself with both you and your spouse’s finances prior to separating.
This is important regardless of whether you or your spouse is contemplating filing for divorce. You should always have knowledge of the status of your finances including your combined incomes, assets and liabilities.
- Make a Future Financial plan for your life post-divorce.
The cost of maintaining two households is much more expensive than one household. Be prepared both emotionally and financially by creating a future financial budget. Putting a pen to paper and subtracting the cost of necessities from your new household income will help you determine what you can actually afford in your new life.
- Journal important numbers, dates and events.
Our memories are never as dependable as we give them credit for. Journaling using specific details in preparation for your divorce and during the litigation of your case will be the gift that keeps giving for your attorney.
- When it comes to children nothing is carved in stone.
Custody, child support, parenting plans are all examples of the issues which will most likely need to be addressed in the future on multiple occasions with your former spouse or as a last resort the court. Flexibility and accepting change is key in co-parenting and necessary to for your children to continue to thrive.
Grossman & Associates, Ltd.