It is important for individuals to take steps to protect themselves from financial repercussions associated with divorce to the best of their ability. Here are a few things DuPage County divorce lawyers would advise you to do before starting the divorce process.
Locate all your financial records. As soon as you realize that divorce is likely in your future, get your financial records together. DuPage County divorce lawyers recommend that you gather bank statements, retirement account information, tax returns, loan information, Social Security statements, employment information, and investment account statements. Having these documents available when meeting with divorce attorneys will likely save you money and time.
You must assess your marital assets and liabilities. These would be things that you bought during the marriage, like a home. All debts that were acquired during the marriage would be on the list of marital liabilities. Divorce attorneys often assist during the divorce process with asset and debt division. There are also nonmarital assets that need to be looked at, like property that was acquired by one individual before marriage.
When talking with a lawyer, you need to look at legal fees. Take time to compare rates and read reviews about family lawyers in your area. Knowing the true cost of divorce will save you from unpleasant surprises in the future.
Get a copy of your credit report. Take time to resolve any false information or errors.
Learn how Keller Legal Services has more than 25 years of experience helping clients address all aspects of family law by visiting their website.
