Making a Checklist for Your Divorce in Wisconsin

 Posted on March 22,2024 in Divorce

For most people, the decision to divorce is not arrived at easily. There is often a series of emotional ups and downs and much contemplation, and even once the decision is made, you may still question whether there is any hope of repairing this relationship with the person you chose as your life partner.

But now that you are here and steadfast in your decision, it is important to take the steps to make sure you approach the process with clarity and preparedness. One essential tool is a pre-divorce checklist. This checklist can serve as a roadmap, helping you navigate divorce's complexities with a sense of control and confidence. A Wisconsin divorce lawyer representing you is crucial to navigating this process and protecting your parental rights and financial future.

Financial Assessment

Gather all financial documents, including bank statements, tax returns, investment portfolios, property deeds, vehicle titles, and liabilities. Wisconsin is a community property state, meaning your marital estate will be divided in half (unless extenuating circumstances exist).

Create an inventory of all marital assets and debts, including real estate, vehicles, retirement accounts, and outstanding loans. Accurate documentation and a good assessment of your financial situation lay the groundwork for equal distribution of assets and liabilities during the divorce process.

Consultation with an Attorney

Seek guidance from an attorney who specializes in family law. A skilled attorney can provide legal advice, outline your rights, and represent your interests in negotiations or court proceedings.

Budgeting and Financial Planning

Develop a post-divorce budget to understand your financial needs and obligations. Consider factors such as housing, child support, alimony, healthcare, and retirement savings. Establishing a realistic financial plan ensures financial stability during and after divorce.

Consider working with a financial advisor who can offer insights into asset division, tax implications, and long-term financial planning.

 Evaluation of Child Custody and Support

If you and your spouse have children together, prioritize their well-being by addressing custody arrangements and child support obligations. Collaborate with your spouse to develop a parenting plan that promotes co-parenting cooperation and serves the best interests of your children.

Healthcare and Insurance Coverage

Review existing healthcare plans and insurance coverage for yourself and your dependents. Determine how divorce impacts coverage options and explore alternatives for adequate healthcare protection.

Emotional Support and Counseling

Divorce can evoke a range of emotions, including grief, anger, and anxiety. Emotional support from family and friends is crucial to help you through this process. Many people going through a divorce will also seek the help of a professional counselor.

Remember to prioritize self-care practices to maintain physical, emotional, and mental well-being during the divorce process. Engage in activities that bring you joy, fulfillment, and personal growth, helping you navigate this transformative period with resilience and positivity.

Contact a Madison, WI Divorce Lawyer for Legal Guidance

Whether you have made the decision to divorce or are still contemplating whether it is the right path for you, it is important to know what may lay ahead if or when you decide to move forward. Call John T. Fields & Associates, LLC at 608-729-3590 to schedule a confidential consultation with one of our Dane County, WI divorce attorneys. Our law firm has earned a solid reputation for aggressively advocating for our clients to make sure they are protected every step of the way.