Protecting Yourself Financially During a DivorceBy Moskowitz Law Group, LLC |
Divorces are incredibly draining for all involved, both emotionally and financially. Protecting yourself financially is essential during a divorce, because you are going to experience many lifestyle changes throughout this process. Many people are unprepared for the shock of suddenly going from a dual-income household to just one, which is why the post-divorce adjustment can be very difficult for some. Even if you are confident in the future, no one regrets being prudent with finances during a divorce.
The following are important to keep in mind in the event of a divorce:
- Freeze your bank accounts – As soon as you have made the decision to divorce, you must reach out to the bank and ask them to freeze your joint accounts, so both parties must sign in order to withdraw any amount of money.
- Protect your credit – If you do not have a credit card to your name alone, apply for one now. Call the companies for your existing credit cards and notify them of the situation by freezing these accounts as well.
- Live with someone – If you are nervous about losing the help of your spouse’s income, you may need to live with family or friends until you can get back on your feet. Living alone can be financially straining.
- Taxes – Consult with a CPA regarding the changes that will be made to your taxes, and learn to avoid particular tax traps. If you are paying or receiving child support or alimony, you must be aware of how to claim these payments as well.
- Dividing assets – You must determine how your assets and property will be divided.
Contact Our Bergen County Divorce Lawyers Today
Our Bergen County divorce lawyers of Moskowitz Law Group have the experience to successfully aid you throughout this process. We refuse to back down from a challenging case, no matter how complicated or complex the details may be. Our team is ready to fight for the rights you deserve and be the legal support system you’ve been looking for.
To speak to a representative of our firm, call us today at (201) 419-6223.
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Social Description: Domestic violence affects hundreds of men and women across the country each year, and it is no surprise it is the basis of many divorces. While domestic violence can modify many aspects of divorce, it is most concerning when there are children involved.
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How Does Domestic Violence Change the Divorce Process?
Domestic violence affects hundreds of men and women across the country each year, and it is no surprise it is the basis of many divorces. If you are a victim of domestic violence from your spouse and are seeking a divorce from this person, you may be wondering how the presence of domestic violence affects the entire divorce process. While domestic violence can modify many aspects of divorce, it is most concerning when there are children involved.
The following are the areas of divorce which may be affected in the event of domestic violence:
- Child custody – Evidence of domestic violence is very likely to impact child custody, and the offending spouse has a very low chance of gaining custody of the children–even if the abuse didn’t occur in front of the child. If the offending parent does get the opportunity to have custody of the children, their interactions will likely be monitored by a third party.
- Child support – In the case of domestic violence, the abused party can required a domestic violence restraining order, which will order the abuser to pay child support. Parenting time and physical custody will also be affected, though not permanently.
- Alimony – Alimony is awarded in the event of domestic violence if the offending party does not allow his or her spouse to work, thus rendering them financially unstable.
- Division of marital estate – Judges are often sympathetic to the abused party, and will likely award a larger share of the marital estate to the victim.
Contact Our Bergen County Divorce Lawyers Today
At Moskowitz Law Group, we understand the sensitive nature of domestic violence, especially during divorce. We are comprised of compassionate and skilled Bergen County divorce lawyers who will work tirelessly to help you attain the outcome you deserve. Our prominent legal team has seen a wide range of divorces involving domestic violence and we will apply our years of experience and education to create a personalized plan of action for you.