By Marlo Van Oorschot
Van Oorschot Law Group PC

The initial stages of divorce can feel overwhelming, but taking strategic actions early helps protect your interests and reduces stress. Besides seeking legal advice early in the process, here are some important first steps to take when facing a divorce.

• Begin by gathering important financial documents – tax returns, bank statements, retirement accounts, property deeds, and debt records for the prior twelve months.
• Document your assets and create a detailed household budget.
• Open individual bank and credit card accounts in your name only. Change passwords on personal email and social media.
• If staying in the shared home, start documenting household expenses and taking photos of valuable items.
• Build a support network of trusted friends, family, and professional counselors. Consider joining a divorce support group. Take care of your emotional and physical well-being through regular exercise, healthy eating, and adequate sleep.
• Avoid posting about your divorce on social media or making major financial decisions like selling property or withdrawing large sums without legal counsel.
• Keep communication with your spouse professional and documented through email when possible.

If you are a business owner, there are additional critical steps that should be taken, including:

• Get a professional business valuation from a neutral third-party
• Review all business ownership documents, partnership agreements, and operating agreements
• Secure key business records, contracts, and intellectual property documentation
• Assess if your spouse has any ownership claims through direct involvement or community property laws
• Document your time and financial investments in the business prior to marriage
• Protect business relationships by informing key stakeholders professionally and discreetly

The path ahead may seem daunting, but you do not have to navigate it alone. Take that first step today – whether it is calling an attorney, gathering documents, or reaching out to a counselor. Your future self will thank you for being proactive and prepared during this challenging transition.