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Taking steps to deal with divorce issues ahead of time

Preparing for a divorce can be emotionally taxing, but some experts agree that putting off that preparation can lead to more trouble in the long run. Connecticut residents may benefit from approaching divorce issues head-on rather than waiting to arrive at the negotiation table to start addressing them. The following are just a few of the ways men and women alike can prepare for divorce.

Many divorces center around asset and liability division -- who brought what into the relationship, and how joint assets and debts should be split. Therefore, it's helpful for individuals to have an understanding of their own financial situation as well as that of their spouse, to help develop a more comprehensive picture of the couple's pre-divorce financial life. It can also help to start closing joint accounts and opening individual ones during this time, as this can work to simplify the process later.

It is also important to start building the support team necessary to deal with the different aspects of a divorce. The inclusion of legal representation seems obvious, but depending on the individual case, it can also be helpful to seek out support from financial advisors and even counselors to address the emotional cost of the split. This all builds toward smoothing the transition from married to single life.

A divorce is not widely considered a favorable outcome of marriage, but the fact is that half of all marriages end in divorce, so it makes sense to make that transition as easily as possible. Connecticut residents who are proactive about divorce issues may find their transition smoother than if they had left everything until the last minute. Knowledge is power during a separation, and it can help both individuals move into their new lives on their strongest foot.

Source: Forbes, "(Soon-to-be) Divorcing Women: What Are You Waiting For? Here's How To Prepare To File", Jeff Landers, June 26, 2014

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