You need solid insight into your current financial, psychological and legal state to move the divorce process forward strategically. If you don’t know how much money you have in the bank, for instance, how can you plan your financial future, post-divorce? If you don’t know how to protect your children, legally, during the divorce, how can you feel comfortable initiating a separation? The list of concerns goes on.
Here’s an exercise to help you begin to establish clarity. Pick an area in your life that is important to you right now, and brainstorm on paper all the critical projects associated with that area. Take household finances, for instance. You might be worried about many financial topics, such as:
- Saving for your children’s education;
- Saving for retirement;
- Paying off credit card debt;
- Saving money to help your parents after or during their retirement;
- Investing wisely;
- Saving to start a business;
- Investing in or selling property;
For each one of these projects, you can associate a current reality — where the project is now — as well as a future reality — how you want the project to resolve, ideally.
Go through your list of projects and note, in very specific terms, what’s happening with each project and what outcome you want. This exercise will vividly highlight what you need, and it will help you prioritize what to do next. For instance, as you assess your finances, you might realize that you have no idea where all your family assets are or how much debt you have. This knowledge will prompt good questions. Has your spouse been racking up debts surreptitiously? How much money do you have in your retirement accounts? Etc.
Rather than trying to work out these issues on your own, contact the Toussaint Law Firm, PC to schedule a free and confidential consultation about your matter.