What is Divorce Planning?
Thinking About Leaving Your Spouse is Tough. Having a Plan to Follow can Make the Transition Easier.
At the time that you say “I do,” you are surely not thinking about a divorce down the line. Unfortunately, however, there may come a point in your marriage when divorce starts to feel inevitable. If it does, having an exit plan in place can help. Here is a look into what divorce planning is, and essential elements to your divorce plan.
Divorce planning is exactly what it sounds like - a plan for your divorce . Essentially, creating a divorce plan, often called a marriage or divorce ‘exit strategy,’ means putting in place a checklist and strategy that guides you from where you are now to where you want to be. The process requires plenty of preparation and will address things like where you will live during and post-divorce, how you will provide for yourself, and how you will share the news with your children.
It is best to start the divorce planning process as early as you can. Understandably, you may be ready to get out right now, but without a solid plan in place, doing so may be more chaotic than it needs to be. Some steps and strategies when planning for a divorce include:
Start putting money away right now. Divorce is expensive, as is life after divorce, especially if you are dependent on your spouse’s income for help paying the mortgage and otherwise supporting yourself. The more that you can start saving right now, the bigger the nest egg you will have, and the more comfortable (financially) you will be with your decision to part ways.
Figure out housing. One of the most complicated parts of getting a divorce is figuring out where you will each live during the divorce proceedings; most couples can not bear the thought of staying within the same home while the divorce is underway. Think about a situation in which you move out, as asking your spouse to leave the house may be difficult (not to mention that they may refuse your request). Do you have a family or friends nearby who would be willing to host you? Can you afford to rent an apartment in the interim?
Set up a P.O. box. One great piece of advice from Investopedia is to set up a P.O. box. Not only will doing so ensure that your spouse is not able to access any mail, including legal documents, that are private to you, but it also ensures that you will receive items that are very important during the divorce process. If you are moving and in-between homes, having a P.O. box can be extremely helpful.
Perhaps the first thing on your to-do list when making a plan for a divorce is to call a qualified Pearland, Texas divorce lawyer and schedule a consultation. Your lawyer can help you to account for all aspects of a divorce, guide you through the process, and make sure your best interests are well represented.
Please call the office of John Powell III, P.C. for your initial consultation. Reach us by phone or by sending us a confidential message.