Thursday, June 26, 2008

Divorce Tips For Women To Help Get Prepared

By Allison Thompson

If you prepare before the divorce proceedings actually start you will find that it helps to reduce the stress that you feel. By planning a head you are more likely to make much more informed and sound decisions than if you were to rush into the matter. In order to help you avoid some of the pitfalls associated with this process we provide some divorce tips for women relating to those matters you need to think about in order to be well prepared.

Tip 1 - Make sure you have all the right paperwork together before you actually go ahead with your divorce proceedings. You need to gather all the information you can on accounts that you and your partner holds relating to any assets or debts that you may have either as individuals or as a couple. Also get all the information together regarding bank accounts, credit cards, investments and of course the mortgage. Plus if you can arrange to have your tax statements for the past 3 years along with pay and employment information.

Tip 2 - When preparing to start divorce proceedings know exactly what your financial situation is as this will help you determine exactly how much the marital state is worth. When we talk about the marital estate we are talking about those things which have been accumulated by you and your partner during the time of your marriage. The best way to actually determine how much the marital estate is worth is by taking away all debts which are outstanding from any assets (investments, savings, equity in home etc) you may have.

Tip 3 - Even during the early stages of when you are considering to divorce your partner you should seek legal advice as soon as possible. A good family lawyer will be able to help you better understand the procedures relating to all divorce matters. A good lawyer will be able to help you not only understand the procedures relating to divorce but also will clearly spell out what options are available to you.

Tip 4 - It is crucial that when you are preparing to commence divorce proceedings you ensure that all your taxes are up to date. The last thing you want is more hassle during the closing stages when the divorce is due to be finalized. If you at any stage suspect that, your partner has not been reporting their taxes properly and is likely to be audited at some time then consider actually filing an amended tax return as a married person who wishes to file separately from their spouse.

Tip 5 - Another essential thing that you need to get sorted out before you even start any kind of divorce proceedings relates to life, health and medical insurance cover. In most cases married couples will often take out such policies as a couple rather than as individuals simply because it saves them money. So as soon as you know that you are going to be starting divorce proceedings you should make sure that you have all your own insurance cover in place not just for those mentioned above but also for your home as well as for any vehicle that you have.

By being well prepared before filing for your divorce you will find that you are better able to cope with any situations that may arise. Also it is vital that you take into consideration all aspects of your divorce especially if there are children involved. Although you may be under some considerable stress yourself just imagine what your children are going through as well. By having everything prepared hopefully your and your partner can carry out the divorce in the most amicable way possible.

In order for you to avoid the pitfalls that many women before have faced when it comes to divorce is to be well prepared. If you remember the above divorce tips for women that we have mentioned above then you may find yourself better to cope with the stresses and strains that this situation can put on you.

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