As Florida residents are well aware, divorce causes a number of emotions to creep up. Some days will be better than other days. However, these powerful feelings can impair one’s judgment, possibly causing rash financial decisions as well as cause physical and emotional distress.
During a divorce, it is preferable to concentrate on everything that is happening, including one’s finances; however, emotional ups and downs typically result in terrible financial decisions.
In order to get the divorce settlement that you deserve in Florida, it is crucial to get organized. It may be hard to think of your financial future at a time like this, but if you want to achieve a fair settlement, advance preparation will likely pay dividends. Organization is a key to doing this. A person that is organized has all the figures, facts and documents ready when the court day comes. The organized spouse has been known to fare much better in the courtroom than the spouse that was not organized.
In order to get organized and prepared for divorce, collect all financial documents including checking account statements, mortgages, credit cards and tax returns. Make copies of these documents and store them somewhere safe where your spouse does not have access. You should also begin to monitor your current spending and plan for your financial future in detail. And since you will be newly single, you need your own financial accounts. Not only will all of this help you feel more in control of yourself and your finances, but it will also help you fare better in divorce while allowing your divorce team to move forward quickly and efficiently.