Go to Top

Planning for Divorce

Before you file for divorce, it’s important to lay down the groundwork for your final divorce agreement. Start right from the time that you make the decision for divorce.

First, get into the mindset for a divorce. Stop thinking in terms of a reconciliation, or giving the marriage another shot. Once the decision for divorce has been made, you have to be firm about not turning back. Any emotional flip-flops could actually prove devastating to your divorce.

Be practical, and start saving for an emergency fund that you can use to meet your expenses after the filing. You will need money not just for your expenses, but also to care for your children.

Get your papers in order. Start a divorce file for all important documentation and records, including your tax returns, pay stubs, and even receipts for all expenses, including dining, and grocery expenses. Also include bank statements or credit card statements, and records of any property that you own personally, retirement account statements and other financial papers.

Talk to a Colorado divorce attorney before you make any dramatic financial actions like cleaning out your joint savings account. If you have a joint savings account, cleaning it out may not look that great in a court.

Make an inventory of all your personal property, and property that is not eligible for joint distribution in the event of a divorce. That could possibly mean property like jewelry, and other assets that you brought into the marriage, and do not count as community property.

Get a copy of your credit report.

Monitor your joint credit card statement to make sure that your spouse is not charging large expenses into your joint credit card, increasing your liability.

Talk to someone about what’s going on in your life. A professional like a therapist or counselor, can help you deal with the stress that you are undoubtedly feeling during this period of time. Avoid venting in front of your children. Your children should never be used as sounding boards against your spouse.

Before you make the announcement to your spouse that you want a divorce, make sure that you haven’t already confided in all other members of your family. Your spouse shouldn’t be the last one to know.

Deactivate your Facebook account and other social media accounts before you file the divorce papers. It is not absolutely vital that you do, but it can prevent you from making devastating mistakes that can prove detrimental to your divorce. Venting about your divorce or about your spouse on social media or sharing photographs of your assets, or pictures of you intoxicated could actually present the wrong impression to a family court, especially when it comes to distributing the assets or determining child custody.

Finally, speak with a Colorado divorce lawyer. No matter how bitter you are feeling about the end of the marriage, divorce is not the time for you to seek vengeance. If there are children involved, invest time and effort in seeking a peaceful and amicable resolution of the divorce. It’s important to formulate a strategy and a plan about how to proceed with the divorce.

This article is not legal or financial advice. You should contact a lawyer, accountant and/or financial professional in your state to discuss the specifics or your case and applicable laws.