Getting divorce can be an emotionally divisive experience, so the last
thing you want is to be parted from your money as well. According to
Business Insider, there are a few essential steps you should take to protect your assets!
Find a Good Divorce Attorney: an experienced lawyer can be invaluable during the divorce process. Make
sure the attorney you hire has experience and good recommendations from
others. Since you will need to discuss personal details with your legal
representative, choose someone that you know you can trust.
Don't Just Rely on a Mediator: while mediation can sometimes allow both couples to reach a more favorable
settlement, you shouldn't trust a mediator to do what's in your
best interest. They want to reach a resolution as quickly as possible,
not protect your finances. During mediation, make sure that your lawyer
is there to protect your interests.
Open a Separate Financial Account: open a separate savings account, credit card account, and checking account
before your spouse can land you with the debt. Be especially wary of any
accounts that you have co-signed for.
Know Your Finances: survey your assets and your debts so you understand where all your money
is at. This can be done by looking at credit reports.
Change Your Will: if you've made a will, adjust it so that your spouse will not get
any of your assets once you've divorced.
Want to make sure that you have all your bases covered during a divorce?
Speak to a
Bergen County divorce lawyer from the Moskowitz Law Group, LLC! We can advise you on the best course
of action to take. Our lawyers have
more than 50 years of combined experience, and are respected by their former clients and peers alike.
Call the firm for more information!