Planning for Divorce
Going through the process of divorce can be difficult, especially if the divorce process begins immediately. However, by planning for divorce, you can anticipate needs and possible challenges so that you can better prepare for them. Some factors to consider during this process include:
Think about where you plan to live during the pending divorce process and after. Consider whether you will still be able to afford your current living arrangements or if you will need to downsize. Consider if you will need to return to work or modify your employment situation in order to afford your living arrangements. You may need to set up a separate bank account in your name only to funnel some of these funds before you announce your plan to divorce. Prepare a weekly, monthly and annual budget to determine your anticipated expenses and the necessary income you will need to cover them. This process can also help you determine your needs when negotiating spousal and child support.
Tennessee is an equitable distribution state. If tasked with this duty, the court splits marital property in a fair manner among the spouses. You may have a property interest in assets that you have accumulated during the marriage, even if your spouse bought the item or he or she had the asset before the marriage, depending on specific circumstances. It is important that you have documentation regarding your potential property rights. It is much easier to gather these documents and get the information you need before filing for divorce than trying to get your attorney to get this information if things have turned negative.
Some documents you gather should include:
- Bank account statements
- Investment account statements
- Insurance policies
- Credit card statements
- Tax returns for the last three years
- Mortgage documents
Also, if you are planning on moving out after filing for divorce, you may want to take pictures of your possessions in case any of them conveniently go missing.
While you are making plans to divorce, you will want to ensure that your spouse does not learn about these plans before you are ready. You may need to take steps to protect your privacy, such as opening up a post office box to get correspondence from your attorney or your new bank account. You may also need to copy documents when your spouse is out of the home so you do not draw suspicion to your actions.
Consider how you will want to raise your children after the divorce. Will you want to share custody or do you want to have primary custody? What kinds of visits would be acceptable? Do you plan on asking for or paying child support? Be sure that you speak to a family law attorney to learn about your rights and the possibilities of what may be ordered by the court.
Contact an experienced Murfreesboro divorce lawyer to protect your best interests
It is important that you contact an attorney to understand your rights during this process. A lawyer can prepare the documents you need to file your divorce and can advise you about each step of the process. The Murfreesboro divorce attorneys at Dotson & Taylor have a combined 40 years of experience. Schedule a complimentary consultation by contacting us online or by calling (615) 890-1982.