On behalf of Bebout, Potere, Cox & Bennion, P.C. posted in divorce on Friday, June 23, 2017.
Although a divorce may involve heated emotions, it is still possible to prepare for your first meeting with your divorce attorney. Today’s post provides some practical ways for taking a proactive approach to your divorce.
Timing is important, even in divorce
Chances are that couples seeking a divorce attorney in Michigan are pretty sure of their intentions. Nevertheless, it is important to communicate about this step. A divorce may trigger financial stress, or at a minimum, require long-term planning for the post-divorce financial stream. Marriage often comes with tax benefits, economies of shared expenses, and dual incomes. There are also legal fees associated with the proceeding. Talk with your attorney and, if possible, your spouse about the most advantageous time to undertake this transition.
Gather Financial and Tax Documents For Your Divorce Attorney
An attorney will inquire about the liabilities and assets of the marital estate. In order to prepare a comprehensive accounting, our family law office recommends gathering bank statements, income tax returns for the past three to five years, any business income tax returns, if applicable, and statements from any other securities, and any bills.
Dividing the marital estate will also require any estate planning documents to be updated. Fortunately, our family law office also focuses on this area of law. If you or your spouse have prepared a will, trust, or durable powers of attorney, we can help you update these documents.
Negotiate, where possible
Finally, there are related administrative matters that an attorney can guide you through. For example, reaching agreement on matters of property division, spousal support, and child custody can reduce costs and spare parties from the stress of a courtroom battle. Where possible, our attorneys will negotiate on your behalf.