Whether it is your first or your fourth, prepping for your divorce is tough. With so much at stake, it is important that you get every aspect of your divorce right.
Fortunately, there are steps you can take to prepare for the divorce process. Here are some of these steps:
1 Document the marital assets and debts
If you and your spouse have resolved to call it quits, it is important that you have a clear picture of your financial situation and how it will be impacted by the divorce.
For starters, Kentucky is an equitable distribution state, meaning that the marital property – cash, debts, retirement and bank accounts, real estate and other assets acquired while in the marriage – will be divided in a manner that the court considers fair. Your marital debts will also be treated the same way.
Keeping tabs on the marital assets is key to getting your fair share of the pie during the property division process. It can also help you detect when the other party is attempting to hide assets.
2. Build your support network
Divorce can wreck your emotions. While the legal aspects of the divorce will be taken care of by your attorney, it is important to have someone you can trust to help you cope with the emotional toll of the divorce process.
Support from family and friends can be great when going through a divorce, but never forget that you can bring a divorce counselor or therapist on board too.
3. Focus on the bigger picture
If you are like most divorcing couples, your goal would be to walk out of the divorce with a reasonably satisfying outcome. Obviously, you will not get everything, but you should never settle for less than the law entitles you to either.
Do remember that the romantic relationship with your spouse may be over, but not your relationship with your kids. Leaving room for negotiation and compromise can help you reach an amicable agreement that serves the best interest of the children and everyone involved.
Not many things are as tough as divorce. Find out how you can safeguard your rights and interests while ending your marriage.