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Divorce & Finances
Developing an Exit Plan When Nothing Else Works
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By: XSTILLA.COM

Developing an Exit Plan When Nothing Else WorksWhen divorce or separation is no longer a question but rather a definite answer, there are several things you can do to prepare yourself ahead of time for the daunting road ahead, making the transition as smoothly and painlessly as possible.

 Financial preparation is key and the very first thing to think of when planning to divorce or leave a relationship, particularly when you're short on funds. Instead of making a rash decision and packing your bags and leaving, spend plenty of time thinking ahead to see if it's really the best move.

 Perhaps your spouse is due to receive a bonus from work in two months, or some other type of financial windfall that will be considered community property while you're still together. Maybe your car needs some type of maintenance or upkeep that you wouldn't be able to afford on your own, or it's almost back-to-school time and the children will need new clothing before you leave.

 
Whatever the case may be, always plan ahead a few months to determine if now really is the best time to go, or if you'd be better off waiting for a few weeks or months. Make an educated guess as to what it would cost to live for three months away from your current situation, and if at all possible, begin saving until you've reached that amount before leaving.
 
Of course if anyone is in an abusive relationship or in any type of danger, waiting isn't an option and one should take active measures to protect themselves as soon as possible. Calling your local police, hospital, doctor's office, or community center or women's shelter, or even a trusted friend or family member is often all it takes to find the way out of a relationship you hadn't otherwise been able to leave on your own.
 
In many marriages and relationships the man completely controls the finances, or at least may have a clearer picture about the money or lack thereof, than the woman does. If you've been in the dark, do your homework and find out what your family's financial situation is before taking any type of action. Make lists of exactly what you owe including monthly living expenses, credit card bills, car and mortgage payments and whose name they're all in, along with a list of assets and all sources of income.
 
Next, make copies of any important documents and statements for all of the accounts you may have, such as checking or savings accounts, stocks, bonds, pension funds, life insurance policies, and also of your joint income tax returns. Another list should be of all your personal property or any assets that belong explicitly to you in the event your relationship ends.
 

If you are leaving a marriage, you may want to find an experienced family lawyer who can guide you through the often complicated process of divorce. If you do need to take this route, you'll already be prepared since you have all of your documents and financial statements in order. However, the more negotiating about custody, matters of finance or the division of assets that you and your partner can do together out of the courtroom, the more money you will both save overall.



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Report Abuse JT007 February 23, 2008 at 07:32PM
Good advice...
Report Abuse webbie December 02, 2011 at 08:46AM

????
Maybe your car needs some type of maintenance or upkeep that you wouldn't be able to afford on your own
???

Advice women give each other is manufactured in the pit of hell. There is no reason a relationship where a manipulative woman intending to do this to a man was ever going to survive, right from the start.

Definitely like a chicken that lays cracked eggs.There is no paint waiting for chicks.
Shame on you author.
Report Abuse webbie December 02, 2011 at 08:49AM
or it's almost back-to-school time and the children will need new clothing before you leave.

.... so you get school uniform for one season... what about the next 20 years? I hope you got divorced money hungry gold digger
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