Verhaeghe Law Office Logo

Verhaeghe Law Office

Edmonton Probate and Wills, Real Estate Law and Corporate Commercial Law

Our Law Blog

6 Things to do Before Filing for Divorce

6 Things to do Before Filing for Divorce

Going through a divorce can be emotionally straining on all parties involved. To help prepare you for this difficult journey, here are seven things you need to do before you file for divorce.

Your Financial Situation
What you own versus what you owe. During an ideal divorce settlement, you and your spouse are trying to equally divide up marital assets and debts. To do that, the two of you need to determine all obvious (house, car, accounts) and non-obvious (possible inheritance, pension plans and so on) assets. Then figure out any and all debts regardless of whose name is on it.

Collect Proof of Income
If you and your spouse are paid through salaries, your last pay statement and recent income tax return is all the proof of income you’ll need. If either of you are self-employed, you’ll need to provide the courts with both bank account and financial business statements so they’ll have a clear understanding of your financial situation.

Post-Divorce Budget
This is where you start to plan out your life after your divorce has been finalized. Hopefully, by now, you understand what it takes to run a household and keep yourself afloat. Whether you have children or are on your own, it’s important to break down exactly what you’ll be able to afford. Determine what your top priorities will be in your new life while your divorce is still in process.

Establish Self Credit
For your own success, it’s always good to have a credit card in your name, especially when going through a divorce. You can build up a good score that will allow you to easily be approved for a car or home. This would be difficult if you only had a shared credit score that your partner wasn’t as interested in keeping up as you were.

Deal with Joint Accounts
If you fear your spouse may clear out your joint financial accounts out of anger, talk to your lawyer about it. They’ll most likely instruct you to open your own account and deposit half of the funds from your joint accounts. Be open and smart about this choice, as it can come back to bite you if you start spending foolishly.

Don’t forget to close joint credit accounts as well. Do this before the divorce proceeds to prevent an angry spouse from running up your credit card bills. Pay off whatever credit balance you have, or talk to a creditor. If neither of these is possible, freeze the accounts so neither party can access the account until the divorce is final. By then, whoever the court has chosen to deal with debt will be responsible for paying it off.

Behave Yourself
When going through a divorce, you need to be on your best behaviour, especially if your fighting for custody of your children. Be a good parent, be respectful of your spouse and don’t give their lawyers anything that could ruin your half of the settlement. Work on taking care of yourself physically and emotionally so you and your family can get through this situation.

At Edmonton’s Verhaeghe Law Office, our expert lawyers are dedicated to providing the best advice and service for our clients. If you have a civil, criminal, family or other legal cases, call or visit our website https://freedomlaw.ca/.

  1. Probate and Your Will

    Posted By: verhaeghelaw on November 26, 1:31 PM

    Probate and Your Will Have you written your will? Do you understand the complexities of probate and how to avoid it? It’s important to understand what is involved in disbursing the assets to the intended beneficiaries. If you need assistance writing a will that will avoid lengthy probate, call us at 587-410-2500 to find out […]

    Post a comment
  2. Mistakes People Make When Hiring a Personal Injury Lawyer

    Posted By: Andrea Leiva on November 23, 8:29 PM

    Mistakes People Make When Hiring a Personal Injury Lawyer After you receive treatment for injuries you sustain from an accident, your next call should be to a personal injury lawyer. Without legal representation, you could miss out on financial compensation you are entitled to. This compensation is critical to paying for medical care and other […]

    Post a comment
  3. Do’s and Don’ts of Personal Injury Law

    Posted By: verhaeghelaw on November 19, 2:56 PM

    Do’s and Don’ts of Personal Injury Law If you are looking for a personal injury lawyer, then chances are that something bad has happened to you or a loved one and that you need legal representation as a result. While no one hopes to one day gain legal representation due to an injury or illness, […]

    Post a comment
  4. Common Legal Issues faced by Businesses and Small Business Owners

    Posted By: verhaeghelaw on November 19, 2:46 PM

    Common Legal Issues faced by Businesses and Small Business Owners Owning and operating a business comes with many perks but also some disadvantages – the looming threat of civil litigation being one of them. Lawsuits can cause considerable damage to your business’ reputation and finances. Here are some of the most common factors that lead […]

    Post a comment
  5. Are Companies Reckless With Your Personal Data?

    Posted By: verhaeghelaw on November 19, 2:15 PM

    Are Companies Reckless With Your Personal Data? We live in an age where technology rules both our personal and business lives. Take a step back and think of the last time you signed up for a service online and actually read the Terms of Service (TOS) and Privacy Policy (PP) before pressing “OK.” Our team […]

    Post a comment
  6. What You Need to Do to File for Divorce in Canada

    Posted By: verhaeghelaw on November 8, 9:21 PM

    What You Need to Do to File for Divorce in Canada Filing for a divorce in Canada can be a lengthy and confusing process. Click here to learn the steps you need to take in order to file for divorce. Divorce in Canada is a fact of life, as there have been more than 5 […]

    Post a comment
  7. Incorporating Your Business? Don’t Leave It To Chance!

    Posted By: verhaeghelaw on November 2, 1:29 PM

    Why You Shouldn’t Leave Incorporating Your Business To Chance Your business is your livelihood. Even though you might have started it or inherited it, incorporating it isn’t a one-off, easy task. At Verhaeghe Law Office in Edmonton, AB, we find that many small business owners assume they don’t need a lawyer to help them with […]

    Post a comment
  8. Legal Pros and Cons of Joint Ventures

    Posted By: Andrea Leiva on November 1, 4:59 PM

    Legal Pros and Cons of Joint Ventures The decision to sign onto a joint venture agreement is both exciting and daunting. On the one hand, joining two or more companies could lead to the creation of something truly innovative, but it could also lead to severe conflicts of interest. Consider this information before making such […]

    Post a comment
  9. Legalization of Marijuana

    Posted By: verhaeghelaw on October 25, 1:15 PM

    Legalization of Marijuana On October 17, 2018, marijuana became legalized for recreational use in Canada. This presented unique challenges in preparation for the new laws to take effect. Know the Rules! Progressive Approach In contrast to Canada’s new cannabis laws, the U.S. federal government still maintains its stance that marijuana is illegal. Many states have […]

    Post a comment

Let us help you with expert advice and legal solutions

Contact Us


CALL


EMAIL


MAP