Embarking on divorce is, no two ways about it, daunting. Divorce raises a host of emotional and practical issues. This checklist will help you consider and begin to address each part of the process and its implications for you, your children, and your finances.
Here's our divorce checklist, with all the things you'll need to consider:
- Who will your children live with?
- What arrangements will there be for the other parent to see them?
- How will the children's lives be financed?
- If there are school fees, how will these be paid?
- How will the grandparents of the non-resident parent see the children?
- Will you keep, or sell, your family home?
- Who will live in your family home, if you are keeping it?
- Where will the non-resident partner live?
- How will you afford your new living arrangements?
- How will you divide up your investments and savings?
- How will you divide up your personal property?
- Who will have your family car?
- How will you meet the fees for the divorce?
- How will you pay your mortgage from now on?
- What will happen to your credit card debts?
Things you need to do if you're getting divorced
- Find out as much as you can about your personal financial situation – ie how much capital you have, and how many debts; also, the value of any investments and savings.
- Notify the relevant organisations of the change in your marital arrangements – for example the benefits office, your council, mortgage lender, utility companies, tax office, bank, building society, credit card provider, house insurer, life insurer, student loan company, pension provider, GP, dentist, optician, school, nursery etc.
- Think about whether you need to make or change your will.
- “You need to do a budget and think of everything, including unforeseen, one-off expenses -holidays, medicine, new paint or furniture, anything that might not normally crop up when you're trying to work out what you normally spend money on.”
- “The courts are not interested in apportioning blame (especially in the case of something as commonplace as infidelity), and they ignore fault in the separation of the assets. Generally, in England and Wales, the assumption is a 50/50 split of all assets, except where children are involved; in the latter case it will depend on who has primary residency.”
The burden of divorce fees cannot be underestimated. If the prospect of a costly and protracted legal battle is daunting, it may be worth considering amicable.
amicable offer a free app and fixed-price services. Their divorce coaches will explain the law and your responsibilities as well as working to reduce conflict. If you need to agree financial arrangements, they will work with you both to find a fair agreement, something a solicitor isn't allowed to do. Find out more on their website.