If you are thinking about divorce, you probably already know that you have a long and complicated process ahead of you. This is especially true if you own extensive assets in Cook County, such as a business and real estate, and have children. The stress of having strangers examine your finances and personal life under a microscope can sometimes seem overwhelming. Fortunately, a strong support system and even your divorce attorney can help you navigate the process and alleviate some of the stress.
However, one of the ways to stay on top of your divorce and keep your stress levels in check is to keep an open line of communication with your attorney. Also, you should prepare yourself to discuss certain subjects that you probably don’t talk about with just anyone. The following includes some of the major issues you will have to address with your divorce attorney.
Child custody, visitation and support
You might think of child custody as the schedule for when your children are with you and when your future ex-husband has them, or as an outline for child support and the monthly payments you will receive for their needs. However, you will also have to talk about the health and dental insurance your children need, their future college education, and even which of you will claim the child on your respective tax returns.
Property, assets and debt
You must also be prepared to fully disclose detailed information about your finances. This includes everything from bank accounts, business assets, the equity in your marital home and any other assets you own together with your husband and those you own separately. You will also have to disclose information about the debts and other financial obligations you each have.
Documents to prepare
You will have to present certain documentation to your attorney and possibly even your spouse’s attorney during the process. You can prepare for this by organizing certain documents such as proof of income, bank statements, retirement account statements, mortgages, financial statements from your business and credit card statements.
If you are considering divorce, you must be ready to talk about the above subjects and more. By communicating openly with your attorney, you will be able to manage your divorce more effectively.