The holidays are almost upon us here in New Jersey, and as some families know, this season of celebration is often followed by one of realization. January tends to be a popular month for new beginnings and life changes, and as such it is a common time to file for divorce. In fact, a recent column published on Forbes.com states that the first month of the year actually sees more divorce filings than any other month.

The reasons for this are likely many. Some couples may have been planning to break up before January, but they are holding off through the holidays to avoid disrupting family traditions. Other couples may have resolved to give their marriages another try in 2012, but 2013 is almost here and things may not have improved. Others may be waiting to file their tax returns or clear up other end-of-year financials. Regardless of the reasoning, there are a few things that those preparing to file for divorce next month might be wise to put on their to-do lists.

Those who are resolving to divorce in the New Year may be wise to begin pulling together personal financial documents. These include year-end statements for credit card and bank accounts, mortgages, car loans, etc. The Forbes columnist suggests making copies of these and keeping them in a safe place that the other spouse cannot access, such as in a safe deposit box or in the home of a friend or family member.

It may also be important to access a copy of one’s credit report as well as open credit accounts in one’s own name to begin or continue building credit.

It is then important to keep an eye on all joint accounts to ensure that marital assets are not being squandered or hidden prior to the upcoming division of property.

Next, or concurrently, it is beneficial to put together a divorce team. This includes an experienced family law attorney, and possibly a counselor or therapist and a financial advisor, depending on one’s needs.

Those who are thinking about pursuing divorce in the New Year may feel quite overwhelmed. By taking things one step at a time, it is possible to close this chapter and begin a new one with preparation and confidence.

Source: Forbes, “Five Best Financial Tips for Women Divorcing in 2013,” Jeff Landers, Dec. 18, 2012

• Our New Jersey law firm provides legal counsel to those who are navigating the divorce process. To learn more, please visit our divorce and civil union dissolution page on our website.