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Establishing priorities during divorce

Many people in North Carolina tend to rush to divorce their spouses without taking the time to establish priorities. Their eagerness can cause them to miss out on important aspects that can affect them long after the ink on their divorce decrees is dry. It is important for them to realize that they should treat their divorces like business arrangements. By keeping their emotions out of the way and taking the time to determine what their goals and priorities are, they can avoid making critical and expensive mistakes. 

Get up to speed on financial matters 

Separating spouses should take inventory of their marital assets and gather all their financial documents. Neither spouse should hold back any financial information concerning their bank accounts, retirement accounts, life insurance policies and anything of value that the courts will scrutinize during the property division process. Often times, one spouse earns significantly more than the other and may not be as forthcoming about their finances. Anyone who has trouble getting their partner to disclose all of their financial activity and information should ask the courts to investigate through discovery to identify any hidden assets and unreported income, states Trustify.org. 

Put together a support team 

Legal separations are often emotionally draining events. Separating partners can benefit from surrounding themselves with their friends and loved ones. Divorces are much easier to handle when those involved are surrounded by friends and family members who care and are willing to help in any way they can, states Psychology Today. 

It is important for separating spouses to avoid becoming so consumed by their situations that they fail to keep sight of the big picture. They should carefully evaluate their circumstances and prepare themselves for their post-divorce lives.

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