Divorce is at best an emotional time for all involved, which emotion can often cloud your decision and paralyze you into inaction at the time you need to be more proactive. The very first step when a divorce is imminent would be to safeguard yourself, even when you’re expecting that your marriage could be saved.
It’s wise to take action to safeguard your future regardless of how that future finally plays out. Even when you’re the person who initiated the divorce. Anuncontested separation with the court play may be a physically and emotionally draining period.
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In Toronto, if you’re among those blessed ones along with the divorce is moving in a somewhat amicable manner, there are still definite measures that are wise to take to safeguard yourself and your future. Among the first things, you must do in any divorce, uncontested or not, would be to separate up to your financing from another party as you can.
Things like eliminating your share of cash from any joint bank account, eliminating another party’s title from auto titles, and separating responsibility for bank cards and other debt. Don’t leave your title on any debt which another party will be accountable for if it’s over. If you do, the credit bureau won’t care about what the divorce documents state, you will nevertheless be held responsible for the debt and past due amounts.
Ordinarily, an uncontested divorce is one where there are no community resources to split and custody and visitation is no problem, possibly because there are no children in the union or either party mutually agrees about the agreements. A contested divorce is one where there’s some dispute from among those parties within community land, custody, and visitation, or any other marital assets like a jointly owned company.