5 Essential Divorce Planning Tips

Divorce planning can be crucial to protecting your interests and getting your case started on the right foot. If you are considering filing for divorce, below are some essential divorce planning tips that can help you better prepare for the upcoming legal process while positioning you for a successful outcome.

Here’s What to do When Planning to Divorce…1 – Gather and Make Copies of These Financial Documents.
No Time for Mistakes
Following these essential divorce planning tips can help you protect your interests in an upcoming divorce, a Scottsdale divorce attorney explains. Contact us for the best Arizona divorce representation.

The following financial documents can be key to compile and copy because they can provide a better picture of the marital assets/financial situation:

  • Tax documents (for the past few years)
  • Bank statements and paystubs
  • Retirement account statements
  • Credit card, loan and other debt-related documents
  • Prenups and postnups.
2 – Set up Accounts in Your own Name.

If you don’t already have a checking and savings account set up in your name alone, then doing this is another important divorce planning step to take. This is because it’s not uncommon for people who know a divorce is coming to drain joint accounts in an effort to try to deprive their partner of funds (that could be used, for instance, to retain an attorney).

So, don’t let this happen to you. Get your own accounts set up ASAP so you have access to the funds you need when you need them once you file for divorce.

3 – Close Joint Lines of Credit.

Just as bitter exes may try to drain mutual accounts of funds, they can also try to run up joint lines of credit to intensify a partner’s financial stress prior to and during divorce. So, prevent this from happening by closing any joint lines of credit you have open.

4 – Start Building Your Savings up.

Because divorce can take months (or possibly longer) to resolve, having a savings account to draw from can be crucial to helping you stay afloat as you work towards getting a final divorce decree. So, start saving as much as you can right now. Some experts suggest saving as much as 6 months’ worth of living expenses to ensure you have enough financial support moving forward.

5 – Contact a Lawyer ASAP.

The above steps are not the only steps that you may need to take before filing for divorce (depending, of course, on your situation). Therefore, it’s crucial to contact a lawyer as soon as you know you want to file for divorce so that you can understand what else you may need to do to protect your interests moving forward.

Scottsdale Divorce Attorney at the Law Office of Karen A. Schoenau

Are you ready to proceed with a divorce? If so, you can rely on Scottsdale Divorce Attorney Karen Schoenau for honest answers, effective representation and the best possible outcomes to your case. Since 1987, Karen Schoenau has been committed to helping people resolve their important family law matters, including complex cases related to divorce, custody, paternity and other issues.

To receive professional advice and learn more about how we can help you, schedule an initial consultation with Attorney Karen Schoenau. You can set up this meeting by calling 480-209-1918 or by emailing us using the drop-down contact form at the top of this page.

From her offices based on Scottsdale, Attorney Karen Schoenau represents clients throughout the metropolitan Scottsdale area, including in Scottsdale, Mesa, Surprise, Maricopa County, Pinal County, Gila County and throughout the state of Arizona.

Client Reviews
Karen is highly respected in the legal community. She is effective and thorough. Karen just keeps going regardless of the odds.
Karen was extremely helpful setting up my petition for conciliation. She is by far the most knowledgeable attorney regarding the necessary paperwork, how to file the petition and where it has to be submitted. She listened intently when I was describing my situation and intentions. She was very responsive to my questions and request. She is trustworthy and diligent . I would recommend her to anyone having marital issues. Mark
Very high customer/client considerate. We found Karen when we were forced to leave another Phoenix lawyer due to his bad advice and lack of interest to help us. We were in Phoenix for six days from Michigan with nothing happening but a high wasted expense. Karen and her firm took us in and solved our issue with the courts etc. in two and a half days. Karen’s professionalism with us was very cost effective/productive. If we would have found her first, we would have saved thousands of dollars. Her interest for us was very high. She returned every call. She knew every answer to our questions. She did this for us with a death in her family. She left for a funeral and made sure we were treated with the same professionalism from her firm to finish up. I recommend Karen and her firm with very high satisfaction. Our case is custody with one parent in prison. We will return to Phoenix someday with interests for the child and his parent, if needed. Karen will be our top choice. Nolan
Karen and Bonita are wonderful!! I know that the word "wonderful" is used a lot, but the team they make and the work they did for me can only be described as WONDERFUL!! Yes there where ups and downs in my case, but that is the system and Karen along with Bonita guided and taught me as "WE" went through it together. Karen’s easy going manner and her knowledge really helped me with the emotional part of my divorce. I used the team of Karen and Bonita both times I needed to go to court with my ex and had results that were best for my little girl. Some times I did not get what I wanted, but it was what my daughter needed. Looking back at my case, I made the right choice and would do it again in a heart beat!! Jim
Karen was extremely supportive during a very trying time in our lives. She helped me to put things in perspective and think positive when I was overwhelmed. She is very knowledgeable about the laws pertaining to grandparents rights and the rights of the parents and knew how to provide the appropriate laws pertaining to the situation we were in. I am so grateful for her expertise and guidance. She proved to be very aggressive when she needed to be but was also supportive to my and my children. I would recommend her to anyone in a similar situation. Deanna