No person gets married to get a divorce. However, statistics show that nearly 50% of all marriages end up in divorce. If nothing can be done to save a marriage, preparing for a divorce can help minimize the stress associated with divorce. If you and your partner have decided to dissolve your marriage, you can take several steps to protect yourself, your assets and your family. Here are some steps that you can take to prepare for your divorce:
The divorce process can be expensive. Some of the expenses that you may incur are child support, alimony, and legal fees. Therefore, it’s important to ensure that you have enough money to take care of expenses if you decide to divorce your spouse. The money should be enough to cover all the expenses that may arise during the divorce process and afterward.
Organize Your Financial Documents and Information
The divorce process involves a procedure known as financial disclosure. A financial disclosure involves the declaration of assets and liabilities by both parties to ensure a fair division of finances. A financial disclosure enables the court to make a proper decision regarding child support and alimony. During a financial disclosure, both parties have to provide certain documents such as tax returns, income statements, bills, receipts and bank statements. While preparing for divorce, making copies of all relevant financial documents and storing them safely is important.
A divorce influences not only the lives of spouses but also their children. You should aim to minimize the disruption of the children’s lives and routines. Both spouses should discuss and agree on the custody arrangements following the divorce. There should be a record of every parent’s role in raising the children. For instance, it should be clear which parent will cater to the children’s school, meal preparation, homework, and other needs. This information will be useful while making custody arrangements. While making custody arrangements, the court always considers the children’s best interest. The decision of custody arrangement is left to the court if spouses cannot agree on a custody arrangement.
Mediation is a great option, especially if you want a non–contentious divorce. During mediation, both parties meet with a neutral third party, which helps them solve the divorce issues. During mediation, important decisions are made regarding the division of assets, parenting, and custody. As a result, mediation can help you have an amicable and cost-effective divorce process.
Hire a Divorce Lawyer
You should not neglect the importance of a divorce lawyer Toronto even if you and your spouse are divorcing amicably. A divorce involves many legal aspects, which makes it an intricate and time-consuming process. A divorce lawyer will guide you through the divorce process and ensure that you understand all the legal requirements. With the help of a divorce lawyer, you will make informed decisions about your finances and other issues in the divorce. In addition, a lawyer will help you draft all the necessary legal documents, including the custody and divorce settlement agreement.
Do You need a Reliable Divorce Lawyer Toronto?If you need a reliable divorce lawyer in Toronto, the experienced legal team at Simple Divorce will guide you through the process.