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How to be proactive when planning for divorce

A divorce is one of the most difficult experiences a person can go through. However, there are proactive steps that you can take to expedite the process of ending your marriage with less stress. For instance, it is a good idea to hire a Washington divorce attorney to help with your case. Take a look at some of the other things that you can do to increase your chances of obtaining a favorable settlement.

Gather all relevant financial records

You may receive a portion of funds inside of a joint bank, brokerage or other type of financial account in a divorce settlement. Furthermore, you may receive a share of positive equity in a home, car or other asset. Obtaining bank, loan and other statements can make it easier to prove how much your share of marital property is worth.

Don’t forget about intangible assets

Anything acquired during a marriage will likely need to be divided in a final divorce settlement. This may include intangible assets such as credit card reward points or airline miles. While these items may not be worth much, they could be valuable as bargaining chips used to obtain other property that you may place a greater value on.

Create a preliminary budget

After your divorce is finalized, you may need to rent an apartment, buy medical insurance and pay other expenses on your own. Furthermore, you might need to make child or spousal support payments after your marriage officially comes to an end. You can better estimate your new cost of living with the help of an app or a financial professional.

An attorney may be able to help you obtain child support payments, spousal support payments or other financial assistance in a divorce settlement. He or she may also take steps to ensure that you receive an equal share of any assets acquired during the course of your marriage.