Going through a divorce? Get organized! | Lane & Lane, LLC
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Going through a divorce? Get organized!

Going through a divorce is not easy, and that is probably an understatement. For many, it is an emotional rollercoaster, and it can be all the more difficult when the other spouse is not being cooperative. However, there is one simple thing that a New Jersey resident going through a divorce can do to make the process easier: organization.

In a divorce, there are a couple things to be aware of. The first is just attention to deadlines and ensuring that all documents required by the court are filed in a timely and proper manner. In addition, though, one should make sure that all their personal files are organized as well. This means items such as tax records, bank accounts, and investment accounts.

These documents can then in turn be used to complete what is called a "lifestyle analysis." In short, a lifestyle analysis is simply a document that reconstructs the everyday expenses one incurred during marriage. That will provide information about the standard of living that was required to support that lifestyle, which can give a person an idea of what their standard of living may be like after the divorce is made final. Moreover, it can be used for determining the appropriate levels of child support and spousal support.

Knowing all your financial information and having it gathered all in one place will not remove all of the stress associated with a divorce, but it may certainly reduce it. It can even help with determining which marital assets to seek and which ones are better left behind. Being prepared and organized may help New Jersey residents going through divorce to procure a result that is favorable to them.

Source: Forbes, "Why Women Who Are Organized Often Do Better in Divorce," Jeff Landers, March 27, 2012

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