How Do You Prepare To File For Divorce?
Divorce is a highly emotional process that can be very draining financially and psychologically. If you are contemplating divorce, it is advised that you take time prior to retaining an attorney to organize some information regarding your assets, liabilities, and custody concerns, if there are children. Make a list of all assets that you had at the time you were married. These are called “non-marital” assets. Each state deals with non-marital assets differently, for example, Kentucky allows non-marital assets to be awarded to the spouse who owned them, while Indiana* may not. However, it is important to identify these in order to maximize the chance that you will be awarded these items in the property settlement. This asset list should cover all personal property, vehicles, collections, gifts received, inheritance received, as well as cash on hand, investments, retirement account funds, and interests in business that you had or owned prior to saying “I do.” Make a list of all debts you
