2 Things You Should Do As You Start The Divorce Process

Have you gone through a recent divorce and aren't sure if you want to change your last name or not? Learn more about name change options.

2 Things You Should Do As You Start The Divorce Process

3 May 2016
 Categories: , Blog

As you start the divorce process, you might feel overwhelmed with everything that you need to do. Divorcing your spouse is not easy, and it will take time, resources and a lot of energy to make sure that it is done right. It is important that you don't rush the process too much; if you do, you may make costly mistakes. You don't want to have to change the documents later; instead it is best to get it right the first time. Here are some things that you should do as you start the divorce process.

1. Change Estate Planning Documents

One of the first things you should do as the relationship between you and your spouse starts to dissolve is changing your estate planning documents. One of the most important documents in your plan will be your power of attorney. This is the person that you appoint to make all your legal and financial decisions if you are not able to. If you and your spouse are currently fighting, you do not want them making these kinds of decisions for you. For example, if you were in a car accident during the divorce and couldn't make decisions about your medical care, would you want your estranged spouse to be calling all the shots? Probably not, so appoint a new power of attorney as soon as the divorce process starts.

2. Pay Off Debts and Save

Second, you should start paying off as much debt as you can and putting aside money in a personal account. What many people don't realize is that just as your estate will be divided, so will all of your debts. This means that you and your spouse could still be tied together through legal debts for years to come. You don't want to have your name on a credit card that your spouse is responsible for paying off. If they decide to stop making payments, they could damage your credit and financial future. That is why you should get out of debt as much as possible.

In addition, it is important that you set aside money for yourself. You will be personally responsible for your legal bills for the divorce, and you may have to pay for housing, clothing, food and so forth. Having a personal savings account that isn't connected with your spouse will simplify the process greatly.

By doing these simple things at the beginning of the process you can save yourself a great deal of pain in the future. For more information, contact a law firm like divorce lawyers at Strain & Co.

About Me
mothers going through divorce -name change or not?

As a mother, one of the last things on your mind while going through a divorce is whether you will keep your former husband's last name after the divorce is final. Will you share the same last name as your children, or will your children keep the name of their father and you will reclaim your maiden name? Is there any way that you could change your children's last names after the divorce? My blog is all about this issue and other things that can come up during a divorce. I hope that my own experience can help you get through it much easier.