What to do Before a Divorce


 

If you feel that you are heading for a divorce, one of the first things that you will need to do is sort out your finances.  You will probably be going from a dual income to a single income, so curtailing your spending now will be a very good habit to acquire.  You will still have all of your bills to pay after the divorce, so you will definitely need to be prepared financially.  These are some steps that you can take that should help you with the process.

 

  • Meet with a financial adviser.  This should ideally be done before you (or your spouse) file for divorce, though if this is not possible, you should do it as early in the proceedings as you can.  Get a copy of all bank statements that you hold either individually or jointly, and show these to your financial adviser.

  • Start setting aside as much money as you can afford.  You will need this to pay for the initial…



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