Your finances and assets can be at risk when you go through a divorce, which could significantly affect your lifestyle and future. If you’ve made the decision to divorce, there are steps you can begin taking immediately to increase your chances of getting more money and protecting a business or assets that you’ve acquired during the marriage.
Should you plan for divorce?
It’s a good idea to take certain steps to plan for divorce as you transition to living independently and supporting yourself. If you don’t already have a separate checking account, now is the time to open one. This is where you can put money that your spouse has no claim on, like any inheritance you receive. You may also need to consider a career change or to get additional training to increase your income.
Before filing for divorce, you should gather all documents related to your house, car, health insurance and life insurance. Collect different statements and documents you’ll need to prove which assets you own and their value. If you suspect that your spouse has been hiding assets, these documents could make it easier for your legal representation to track down those assets.
Who can you contact for legal assistance?
By being prepared before you file for divorce, you may have a smoother transition after the divorce is finalized. Reach out to a legal professional to have your case reviewed. A family law attorney may help you navigate the process of filing for divorce and assist you in protecting your assets and money. Your attorney may also assist you in seeking alimony or spousal support if you’re eligible until you can better support yourself.