Planning for Divorce in the New Year

 Create a budget – Before stepping out on your own, you should have a good idea of how much it will cost to maintain a new household or your current household without help from your spouse. Spousal maintenance is not a given, and it may take time before a court orders maintenance (temporary or otherwise). In the meantime, financial obligations will keep coming regardless of the state of your relationship.

 Also, getting through a divorce may involve more than just hiring an experienced attorney. You might need the advice of additional professionals such as: a financial planner, an accountant or an investment advisor. For those who need help with the emotional trauma of a divorce, a trained therapist can help you get through the process. All in all, having a basic understanding of what you can afford is the first step in making your transition.