For couples considering divorce in Colorado, it can be difficult to decide when the best time is to bring up the topic. One factor that many people do not take into consideration is the amount of preparation they need to have done before discussing the issue with their partner. Divorce is generally expensive, but it can be significantly costlier if a spouse is not ready before separating.
First, Forbes advises people to become financially independent before filing. While it is very important to have some funds set aside to pay for divorce proceedings, there is more that needs to be done. New credit cards and bank accounts need to be opened without the other spouse’s name on them. While people seeking divorce will need to take their name off of any joint accounts to avoid possible charges, this should only be done after all documents have been gathered.
There is much information that will be pertinent to the success of a divorce case. This can be more difficult to obtain after separation, and it can also make it easier for one spouse to hide assets from the other. Some of the forms that may be required include any registrations for vehicles, records of real estate, statements from banks and policies for insurance. Tax returns should also be included as well as any other legal or financial papers that show the state of the marriage.
Fox Business also advises potential divorcees to avoid posting on social media or emailing sensitive information before a divorce. Often, a spouse can guess passwords and access any accounts, especially on joint computers, and use that information in the case. To avoid this potential problem, persons seeking divorce may want to use alternate forms of communication.