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What should you do if you plan to file for divorce?

If you are planning to file for divorce from your spouse in Oregon, you may have had feelings of uneasiness as you face an uncertain future. Despite the apprehension, you may be facing, your efforts to prepare the best you can to make a significant decision regarding your marital relationship may help lessen the difficulty of an often-challenging situation. 

Regardless of if you discuss divorce with your spouse or if it is something that you go about more secretive, it is imperative that you begin planning for your future immediately. One of the areas of your life that may require significant modification is your finances. Depending on your situation, you may need to separate years of shared banking accounts, retirement plans and pensions, and mutually owned investments and assets.

According to LiveAbout, some of the things that you can be doing to prepare to separate from your spouse include the following:

  • Be cordial, honest and fair in gathering, disclosing and presenting financial information. 
  • Pay attention to the condition of your credit and take action immediately if it needs a boost.
  • Keep important financial information organized and accessible.
  • Start thinking about your budget after your divorce and what changes need to be made to make your transition easier. 
  • If possible, stay put in your current home and avoid making any sudden and drastic moves.
  • As soon as you are able, close all joint financial accounts, beginning with credit accounts. 

The information in this article is intended for educational purposes only and should not be taken as legal advice. 

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