divorce planning checklist

Financial Preparation

Gather all financial documents including bank statements, tax returns, investment accounts, and property deeds

Create a budget to understand your financial needs post-divorce

Assess your assets and liabilities

Open individual bank accounts and credit cards

Consider consulting a financial advisor or accountant

Legal Considerations

Research divorce laws in your jurisdiction

Consult with a divorce attorney

Discuss child custody and visitation arrangements if applicable

Make a list of joint assets and debts to be divided

Understand the process of property division

Consider the need for a prenuptial agreement review

Emotional Planning

Seek emotional support from friends, family, or a therapist

Take care of your mental and physical health

Find healthy coping mechanisms to manage stress

Consider joining a support group or seeking counseling

Prepare for potential emotional challenges during the divorce process

Child-Related Matters

Determine child custody arrangements

Create a parenting plan or visitation schedule

Discuss child support obligations with your attorney

Consider the best interests of your children in all decisions

Review and update your will and other legal documents

Housing and Living Arrangements

Decide on the living arrangements during and after divorce

Determine if you need to find a new residence

Understand your rights and responsibilities as a tenant or homeowner

Consider the financial implications of housing decisions

Insurance and Benefits

Review and update your health insurance plans

Understand the impact of divorce on other insurance policies (life, auto, home)

Make necessary changes to beneficiaries on insurance policies and retirement accounts

Assess the impact of divorce on employee benefits and retirement plans

Communication and Documentation

Keep a record of all communication with your spouse

Maintain copies of important documents related to the divorce

Follow court procedures and keep track of important dates and deadlines

Share necessary information with your attorney in a timely manner

Remember, this checklist provides a general overview, and it's important to consult with professionals such as attorneys, financial advisors, and therapists to ensure your specific needs are addressed during the divorce planning process.