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Divorce planning checklist in Texas

Divorce is one of the most challenging life events a person can ever go through in Texas. It essentially involves dividing what you regard as your life or future into two. Therefore, adequately preparing for the process is not just self-care but also essential to ensuring the process goes as smoothly as possible.

Know the laws that apply

Whether you separate in or out of the court, Texas divorce laws still apply. An excellent place to start is with the property division rules and guidelines. Texas is a community property state, but that doesn’t mean every couple gets to split their marital assets equally. The law considers income, liabilities and other factors when dividing your assets and debts.

Gather financial information

The court will need to review all financial statements for both parties at the time of divorce. This includes bank statements, tax returns, investment accounts, retirement account information and debts. Create time to organize your paperwork well in advance so you can provide accurate and timely documents when necessary. It’s also vital that both parties are aware of each other’s finances before dividing assets. Financial negotiations are much more manageable if spouses understand their shared finances during a divorce.

Make plans for your children

If you are fortunate to have kids together, you must develop a parenting plan. A parenting plan is a detailed agreement that outlines how both parents will share custody and make decisions about the children’s lives. The goal should be to create an arrangement that is in the best interest of your children, helping them cope and adjust to divorce healthily.

Take care of yourself

Lastly, divorce can be emotionally draining and physically tiring, even under ideal conditions. Therefore, each spouse needs to take time for self-care during this process. This could include activities like going to therapy, exercising, meditating, or even taking a break from the divorce proceedings.

Yes, divorce is tough, but that doesn’t mean you can’t have a “good” and healthy separation. By understanding your rights and prioritizing yourself and your children, you can make the best of this challenging situation.