Preparing for a divorce is a lot more than just picking up the phone and calling an attorney. There are the emotional aspects, financial, legal and, of course, there are the parenting issues. It means figuring out what life is going to look like when it's all said and done and includes preparing your children for the transition. For the stay-at-home mom, there are additional concerns around income.
When you realize that your marriage is over, it's normal to feel a variety of emotions. Over time, you'll experience all of the stages of grief. You'll be grieving not only the loss of your relationship but also the loss of the dreams that you shared and the life that you knew. Give yourself time to process each stage of grief throughout the process.
The stages of grief include denial, anger, bargaining,...
Update all of your passwords to something that your soon-to-be-ex will not be able to guess.
It is not uncommon for married couples to share (formally or informally) an email address. As you move from a joint identity to a separate one, it's important for you to be able to use email freely. This is often a cost-effective method of communicating with your attorney.
Credit Karma is a free resource you can use to monitor your credit report. It also allows you to monitor your credit score. As you review your credit report, make sure there are no surprises. If there is anything that should not be in your report, you can dispute it with the creditor.
If you only have joint bank and/or credit card accounts, it is important that you...
I find myself supporting quite a few stay-at-home moms with their divorces. I think that's because stay-at-home moms know with absolute certainty that they cannot afford to make costly financial mistakes in their divorce settlements. When you don't have your own income and your income is completely dependent on someone else, you can feel extremely vulnerable when going through a divorce.
Beyond simply being vulnerable, many stay-at-home moms feel real barriers to getting the advice they need when going through a divorce, especially those who do not have access to money of their own. Here are some professional tips for stay-at-home moms.
On television, it all seems to happen quickly - there's no time for preparing for divorce. One partner walks in the door and announces, “I want a divorce!” The other couple has a big fight and one of them says, “That’s it! I’m filing for divorce!”
In many “real life” instances, divorce is more of a slow burn. Sure there are those times when spouses angrily separate and one or the other moves out. However, in many cases you see it coming, sometimes years in advance.
Because of this, you want to take the time to be financially prepared – especially if you’re the one initiating the divorce from your spouse.
Every divorce is unique, but there are certain documents and financial paperwork required when you’re filing, whether you’re using a divorce mediator or working with attorneys. It’s wise to get your financial house in order and gather required documentation before you reach out to...