Is planning for a divorce necessary?

On Behalf of | Apr 15, 2021 | Divorce

Colorado spouses who are thinking that a divorce may be in their future likely have a lot of questions about what to do. You may know that you want to get a divorce, but you don’t understand how to initiate the process or what’s involved in it. This can be overwhelming, to say the least, so you may want to reach out to a family law attorney to learn more.

Should you plan before you file for divorce?

Should you plan for divorce before you file? The reality is that it’s a good idea to have a plan in place before you actually start the initial paperwork. This way, you have a plan of how you’re going to approach the divorce logistically. Also, you can help yourself emotionally prepare for the steps that are ahead.

Planning helps to get the necessary documents you need

Before you decide to file for a divorce, it’s typically easier to gather the documentation that you need regarding your assets and liabilities ahead of time. After you file for divorce, emotions do run high. This could result in a former spouse making it difficult to get access to various financial documents that you need for the divorce settlement.

By having this documentation early on, you have the added benefit of being able to update your accounts during the divorce process. For example, you may need to update your credit card address to a new physical address so that you can pay it monthly, or you may need to update the beneficiary of your retirement account or life insurance. Having all this documentation together gives you the chance to do that.

You should have a plan in place prior to filing for divorce. If you’re not sure how to create your plan, it’s advisable to contact an attorney to assist you in doing so.