How to Prepare to Take the First Steps in Divorce
Just as there are many steps that lead to marriage, there are many steps when it comes to ending one. The reason many divorces are so complicated is because marriage is a complex thing – two people have built a life together that needs to be unraveled. This unraveling is often not straightforward, and not without its complications. This is one of the reasons that retaining an experienced divorce attorney from the onset is so valuable.
Often, retaining an experienced divorce attorney is critical in ensuring that you come to the best possible final position in your divorce. However, an attorney cannot represent and protect your interests without your help. If you are even considering a potential divorce, it is smart to start thinking about gathering information that your attorney will need. Coming into a situation prepared will help you to simplify the process and make sure that you have everything you need moving forward.
Start Gathering Documentation on Income, Assets, and Debts
Divorce require you to complete financial disclosures, which will include declarations pertaining to debts, assets, and incomes. Having these ready early will make things smoother and give your attorney a clear picture of your situation. Be ready with:
- Proof of monthly income (e.g., pay stubs, 1099s, W-2s, K-1s, bank deposits, etc.).
- Documentation of existing spousal support or child support obligations.
- Proof of pension, retirement, disability, unemployment benefits..
- Bank accounts and investment statements for stocks, bonds, mutual funds, etc.
- Debt records including credit cards, student loans, mortgage, etc.
Being organized here can help you avoid unnecessary delays and ensure that nothing slips through the cracks.
Create an Inventory of Your Assets and Debts
It is smart to come prepared to meet your attorney with an inventory of assets and debts that you and your spouse own This helps your attorney understand what is at stake and whether assets and debts are community property or a spouse’s separate property. Examples of documents to gather as you prepare your inventory include:
- Property deeds
- Mortgage statements
- Vehicle titles
- Certificates of authenticity or appraisals for valuable items (jewelry, artwork, collectibles)
- Prenuptial or postnuptial agreements (these can drastically impact what each spouse is entitled to)
You will do yourself (and your attorney) a huge service by coming into the conversation aware of your situation. The clearer the picture you bring, the easier it will be for your attorney to build a strong strategy.
Consider Your Goals
Seriously consider what is most important for you to take away from your divorce. The reality is, you are unlikely to get everything and leave your ex-spouse with nothing. But if you know your priorities, and what you are willing to give up, you and your attorney will be in a position to use that as leverage and build the best strategy to achieve your goals.
Call a Divorce Attorney at Cardwell Steigerwald Young LLP Today
We understand the emotional and time-consuming challenge that divorce can present. The experienced San Francisco divorce attorneys at Cardwell Steigerwald Young LLP can help. Contact our office today to learn more.
