Easy tips to prepare for a divorce case

 Posted on July 01,2022 in Divorce

Divorce, by its very nature, is difficult. It represents a significant change in your life, and preparing for one is a daunting prospect. However, you can take steps to make your divorce easier.

If amicable divorce is not an option, you want your divorce case to go as well as possible. Continue reading for some divorce case preparation tips.

Separate your property

First, you need to figure out what is your separate property. This is not always obvious. According to the Illinois General Assembly, property acquired before the marriage falls under the condition of “non-marital property.” Besides that, gifts, inheritance and property received with the sole use of non-marital property in the exchange count as non-marital property. However, specific actions you take with the non-marital property during your marriage might convert it to marital property, so be aware of that while you go through your accounts.

Create a budget

Once you finish the divorce, you need to live off the post-divorce income. This sounds obvious, but not everyone considers this. You might suddenly find new bills, lower credit scores from debt and a lack of collateral or equity. Start your preparations right now to avoid any financial surprises.

Build up credit

Some people marry young and build their credit in tandem with their spouse. If you do not have credit in your name alone, take a credit card and use it for small expenses. The key is to pay it off monthly so your credit score does not take a hit.

There is much more to do in preparation for your divorce. As long as you start taking small steps, the rest of your divorce will go smoothly.