You and your spouse have decided that the differences in your marriage are irreconcilable. Divorce is the only viable option and you’re getting ready to initiate the process. While no divorce is easy, there are a number of things you can do to get prepared.
Outlined below are a few tips on how to make your divorce more efficient.
Categorize your assets
Property distribution in a Connecticut divorce operates on the basis of equitable distribution. Essentially, this means that if matters are left in the hands of the court, they will allocate assets in a manner that they believe to be fair to all parties. You and your spouse can make this process easier by gathering all of the relevant information relating to property ownership. It’s important that the court knows exactly when property was purchased. It may even be possible for you and your former spouse to draw up agreements, thus avoiding any battles in the courtroom.
Gather your financial records
As well as property, debt and finances will also need to be distributed. Both you and your spouse will need to be fully transparent with the courts. If assets or money are not declared during property distribution, you could face penalties down the line. You’ll want to get your paperwork in order. Bank statements, pay stubs, mortgage information, life insurance policies and estate planning instruments are some of the main things you need to look out for.
Being organized can make the divorce process run much more smoothly. To ensure you get the most out of any settlement, you also want to make sure that you have legal guidance on your side.