In most situations, a divorce is a big deal. The effects of the divorce can affect individuals for years to come. In some instances, the effects can last a lifetime.
Smart Ways to Protect Yourself Before Starting a Divorce
1. Smart Ways to Protect Yourself
Before Starting a Divorce
2. In most situations, a divorce is a big deal. The effects of the
divorce can affect individuals for years to come. In some
instances, the effects can last a lifetime. For this reason, if
you are considering a divorce, you should always take steps
to protect yourself from whatever might come.
Small steps can make a huge difference in a divorce. This
may include setting up your own bank account that your
spouse does not have access to. However, make sure the
account is not funded by community assets or you may be
forced to reimburse the community later on.
3. Additionally, you should take a detailed look at all of your
financial statements for each and every account you hold
individually and jointly with your spouse. This should
include fluid accounts as well as debts. Also, evaluate how
your spouse will react to the divorce. If he or she decides to
splurge and buy everything in sight, you may be stuck with
half the bill. Removing your name from any joint credit
card accounts or other lines of credit can eliminate this
risk.
Keeping meticulous records is one of the best safety nets
during a divorce. Gather all records for all accounts – joint
or individual - and make copies. The court will require this
information, but it will give you and your attorney an easier
way to determine your financial need and what you can
reasonable ask for during the divorce.
4. Another great way to protect yourself is to hire a team of
professionals with only your interests in mind. This
includes a great divorce attorney and a certified public
accountant. These people should be able to advise you of
the financial ramifications of divorce and how to minimize
your individual losses. Get support from others in your life
as well, as a divorce may be long and drawn out, depending
on your individual situation.
5. Take the time to keep a detailed journal of your entire
divorce experience. Log any and all important events that
occur, especially instances of physical abuse and
interactions with the kids. When writing about how your
spouse interacts with the kids, write about how it affects
them, because this is all the court will be interested in
hearing. Instead of saying your husband is terrible because
he was an hour late picking up the kids, include how the
kids reacted and how they were affected. It will be much
more effective.
Preparing for a divorce can take a long time and more
advanced tactics in some situations. Visit this website to
learn more about the subject from a divorce lawyer in San
Diego.