Getting Financially Prepared for Divorce

  • Build or clean up your credit history
  • Update your job skills or develop new ones if you have been a stay-at-home parent or full-time homemaker and also consider taking a part-time job
  • Refresh your knowledge of money matters and personal finances
  • Create a written inventory of your family’s assets and debts
  • Locate all ownership documentation and other important paperwork such as tax returns and account statements
  • Begin planning for the cost of your divorce; the more you and your spouse agree on, the less you will have to spend on legal fees and court costs
  • Budget your post-divorce financial needs