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Divorcing? Consider this potential New Year's resolution

The holiday season is nearly over. If you are currently pursuing a divorce or plan to file for divorce after the holidays have concluded, you may benefit from considering a very specific New Year’s resolution. The most important aspect of your divorce process involves healing from the breakup of your marriage so that you may seek a happier and healthier future. However, another important aspect of the divorce process involves obtaining a fair divorce settlement as your financial security can dramatically impact your wellbeing.

In order to ensure that you receive a fair property division settlement, it is important to disclose all of your debts and assets to your attorney. It is also important to familiarize yourself with your household’s income, budget and financial obligations. Without accurate and complete financial disclosure information, your attorney will not be able to successfully ensure that you receive a fair settlement. As a result, it may greatly benefit you to adopt a New Year’s resolution that involves taking charge of your financial wellbeing.

If you have questions about what kind of financial information your attorney will need in order to better advocate on your behalf, do not hesitate to ask him or her about this issue. Open and frank communication with your attorney is a must when attempting to secure a fair divorce settlement. In addition, the steps you take now to better inform your attorney about your finances will also aid you in becoming more informed about your finances as well, which will unquestionably benefit you in the future.

Source: Forbes, “The Most Important New Year's Resolution A Divorcing Woman Can Make,” Jeff Landers, Dec. 17, 2014

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