How to Avoid Potential Divorce Problems
Divorce is such a complicated and messy procedure that can turn your world upside down.
Not only will you have to learn how to live your life separately from your ex-spouse, you also have to deal with legalities and financial issues.
If you have children, it makes the process even more complicated.
Any person who had been through divorce can tell you that separating from one's spouse is one of the most challenging experiences in one's life.
Unfortunately, problems can still arise long after the divorce papers have been signed.
Here are a few tips to help you avoid some common divorce problems that might develop.
Four Smart Divorce Tips 1.
Make A Copy For Your Documents And Records Before your divorce is finalized or even before you sign any documents, make sure to make a copy of your documents, especially your financial records.
Keep it away from your soon-to-be ex-spouse.
The records you must protect include the personal and business income tax returns of the last three years, account statements, pay stubs, life insurance policies, credit card statements, receipts of purchase of expensive items, and so on.
2.
Get A Copy Of Any Of Your Credit Applications In relation to the tip mentioned previously, you must also get copies of mortgage and credit applications, especially within the 12-month period before the divorce.
If it was a joint application, it will provide a list of assets, liabilities, and income of both partners.
This is an excellent source of information and a way to discover assets if you believe that your spouse is withholding information in relation to marital property.
3.
Cancel Any Joint Credit It is advisable to cancel any joint credit as any delayed payment may affect your credit score in the future.
If you do not want to cancel the credit, and your ex-spouse is the one who is paying the debt, continue to observe the account and make sure that your spouse makes regular payments.
4.
Settle The Division Of Marital Properties It is vital for you and your ex-spouse to determine how you should divide your marital possessions.
When it comes to creating the marital settlement agreement, you need to be very specific on who gets what.
As a tip, you and your ex-spouse must create a list and clearly identify the item and who gets to keep it to avoid any confusion later on.
These are just a few tips to have a peaceful divorce process.
Remember that divorce is a complicated process; thus, you need to stay calm and keep your head in the game.
All this shall come to pass.
Not only will you have to learn how to live your life separately from your ex-spouse, you also have to deal with legalities and financial issues.
If you have children, it makes the process even more complicated.
Any person who had been through divorce can tell you that separating from one's spouse is one of the most challenging experiences in one's life.
Unfortunately, problems can still arise long after the divorce papers have been signed.
Here are a few tips to help you avoid some common divorce problems that might develop.
Four Smart Divorce Tips 1.
Make A Copy For Your Documents And Records Before your divorce is finalized or even before you sign any documents, make sure to make a copy of your documents, especially your financial records.
Keep it away from your soon-to-be ex-spouse.
The records you must protect include the personal and business income tax returns of the last three years, account statements, pay stubs, life insurance policies, credit card statements, receipts of purchase of expensive items, and so on.
2.
Get A Copy Of Any Of Your Credit Applications In relation to the tip mentioned previously, you must also get copies of mortgage and credit applications, especially within the 12-month period before the divorce.
If it was a joint application, it will provide a list of assets, liabilities, and income of both partners.
This is an excellent source of information and a way to discover assets if you believe that your spouse is withholding information in relation to marital property.
3.
Cancel Any Joint Credit It is advisable to cancel any joint credit as any delayed payment may affect your credit score in the future.
If you do not want to cancel the credit, and your ex-spouse is the one who is paying the debt, continue to observe the account and make sure that your spouse makes regular payments.
4.
Settle The Division Of Marital Properties It is vital for you and your ex-spouse to determine how you should divide your marital possessions.
When it comes to creating the marital settlement agreement, you need to be very specific on who gets what.
As a tip, you and your ex-spouse must create a list and clearly identify the item and who gets to keep it to avoid any confusion later on.
These are just a few tips to have a peaceful divorce process.
Remember that divorce is a complicated process; thus, you need to stay calm and keep your head in the game.
All this shall come to pass.
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