Despite the hard work you invested in repairing your marriage, you and your current spouse agree that divorce represents your most favorable option. Rather than draw the matter out, you want to start the next chapter of your life as quickly as possible.
Kiplinger explains how to save time when dissolving your marriage. Get tips on divorcing efficiently and quickly.
Collect vital financial documents
Rather than wait for your legal representative to ask for financial documents, gather them now. Divorcing couples often need tax statements, pay stubs, bank statements, credit card statements and documents about shared assets and debts. Ask your lawyer for a list of everything you need, then carve out a few hours to gather everything and submit it ASAP. Other than saving time, responding to your legal representative’s requests quickly may also save money on the cost of divorce.
Use budgeting apps
Because you must soon rely on your income alone, use budgeting software and apps to track your and your spouse’s individual and shared spending. Not only should you expect your legal advocate to ask for such information, but collecting it for yourself helps you create a post-divorce budget.
Note your streams of income
Write how much you get paid and when and what you know about how much your soon-to-be former spouse earns and when. Include deferred compensation and bonuses for you both. If either of you has a rental property, side gig or business, write how much income those bring in.
Preparation could become your most favorable friend while going through a divorce. When you know what to expect, you have a valuable tool for making well-informed decisions.