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How to Protect Your Finances in a Divorce

Getting a divorce can be an emotionally challenging experience. With so many changes in your near future involving your kids, your home, your taxes, and your everyday life, it is understandable that you want to protect what you have, and that includes your finances. It is therefore extremely important to understand how you can protect your assets during a divorce.

According to Business Insider, there are a handful of essential steps you should take to protect your assets:

  1. 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.
  2. Open a separate financial account. Open a separate savings account, credit card account, and checking account before your spouse can land you with any debt and so that you can keep your activity private. Be especially wary of any accounts that you have co-signed for.
  3. 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.
  4. 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.

Protect Your Finances with the Help of Our Bergen County Divorce Attorneys

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 to protect your finances. Our lawyers have more than 50 years of combined experience and are respected by former clients and peers alike. Call the firm today for more information!