Sunday, July 13, 2008

Preparing Yourself - Divorce Tips For Women

By Allison Thompson

If you are really considering starting divorce proceedings then it is essential that you are well prepared before actually commencing them. By doing this it will make the whole process go a lot more smoothly and cause you less stress and pain as well. Also be well prepared will ensure that you can make more sound and informed decisions about your future life. When it comes to getting divorced there are many pitfalls associated with the whole process but if you keep the following divorce tips for women in mind, you will be able to cope with any eventuality.

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 - It is important that you know exactly what your financial situation is, so you need to determine actually what the net worth of the marital estate is. When talking about the marital estate we mean everything that has been accumulated by you and your partner in the years since you got married. In order to determine exactly what the net worth of the marital estate is you take away any debts that as couple you have outstanding from how much the assets (equity in home, savings or investments) are worth.

Tip 3 - Once you have made the decision to commence divorce proceedings you need to seek out the right kind of legal advice as quickly as you can. If you can why not actually seek legal advice during the very early stages and when you are actually considering whether to go ahead with the process or not. It is best when looking for a lawyer you choose one who has a clear understanding of family law and is able to clearly spell out the various options available to you.

Tip 4 - When you are preparing to start divorce proceedings before you actually file any action you make sure that you taxes are completely in order. The last thing anyone wants just as the divorce is about to be finalized is being faced with further stress and worry over financial matters. If you feel at any stage that your partner may be facing an audit by the Revenue Service because they have not correctly filed their tax returns then consider filing one yourself which shows you are married but which you have chosen to file separately.

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.

When it comes to filing for divorce it is important that you prepare as much as possible so that you are able to cope with any eventuality. The more well prepared you are then the more likely you will find that the divorce is much more amicable. This is extremely important especially where children are involved as it can cause a lot of distress on them as well.

The best way to avoid any of pitfalls associated with divorce proceedings is to be well prepared. By keeping the above divorce tips for women in mind you should actually find the whole process when it comes to your divorce much easier to cope with.

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