It is not uncommon for married couples to decide to get divorced after undergoing the stress of the holidays. However, beginning the divorce process can understandably feel overwhelming. Here are a couple of tips for embarking on the divorce process with confidence in New York.
Organizing financial documents
One of the most important steps to take at the beginning of the divorce process is to assemble one’s financial documents. Compiling a list of current debts, assets, expenses and income is essential because both of the divorcing parties will need to exchange their financial disclosures early on in the process. In this way, both parties are aware of each other’s financial situation as they begin the negotiation or litigation process.
Preparing a budget
A divorcing individual would also be wise to create two fresh budgets: one reflecting his or her current circumstances during the divorce, and one for after the marital breakup. The budgets should ideally incorporate such daily expenses as the costs of food, childcare and housing. Fees for court filings, parenting classes and even mediation can also be reflected in the budgets.
How an attorney can help
Consulting an attorney right away is also critical for anyone in New York seeking to end their marriage. An experienced attorney can review a divorcing individual’s financial documents and help him or her to make informed decisions regarding matters such as property division and spousal support. Having professional advice and assistance throughout the entire divorce process can significantly increase one’s odds of achieving the best possible outcome, allowing a smooth transition toward a brighter future.