February 12, 2012
/24-7PressRelease/ -- Tips for Women Considering Divorce
Court records indicate that January is the month when the most number of people file for divorce. Psychologists suggest that some people want to wait until after the holidays to file, or that some may want to begin a new year with a fresh start and ending a failing marriage is one way to do that. Before a woman makes such a huge life change, there are several steps that she should follow to prepare for life after divorcein order to make the process as smooth as possible.
Financial Information
Experts advise women considering divorce to get their financial affairs in order prior to filing. Women need to collect:
-Bank account numbers and statements
-Investment account numbers and statements
-Credit card information
-Information about stocks and bonds
-Mortgage documents
-Auto loans and titles
Women should make copies of all of these documents and put them in a safety deposit box or leave them with someone they trust.
Women should also check their credit reports to see if there is any unusual activity on joint accounts with their husbands that they did not know about, or if their husbands opened any accounts in both their names without their knowledge. Women should then monitor their credit carefully thereafter to prevent their husbands from trying to hide assets after they file for divorce.
Building a Solo Financial Identity
Women can begin the process of establishing credit as a single person by opening savings and checking accounts in their own names. It is wise to use different banks or credit unions than the ones at which they hold joint accounts with their husbands. Women should also apply for credit cards in their own names to begin building credit history as single women.
Women would also benefit from making a post-divorce budget, determining what their monthly expenses and income will be in order to have a better idea of what, if any, alimony and child support demands to make in the divorce.
Find Professionals to Help
Women considering divorce should not do it alone; they need professionals to help navigate them through what is often a difficult process emotionally, financially and legally. It is wise to seek out referrals to qualified financial planners and therapists when considering divorce to help make such a life-changing event as divorce less tumultuous and overwhelming.
Above all, women planning divorce need the guidance of an experienced family law attorney who can ensure women receive fair settlements. If you are considering divorce, contact a divorce lawyer today who can discuss your situation with you and advise you of your options.
Article provided by Collier, House and Brown, PLLC
Visit us at http://www.joydaviscollier.com/
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