Majority of people really need a strong reason to ask for a divorce. Yet, when it comes to divorce, both parties will go through a lot of stress (both physical and emotional). It is a tumultuous time for everyone involved, and there is no easy way to go through a divorce. After getting divorced, people often engage in a variety of unhealthy behaviors. Alcohol-abusing is among them. However, some people choose to divorce because one of the spouses has been using too much alcohol lately. Alcoholism is a very strong ground for a divorce, and one of the leading reasons why people seek divorce in the United States. Salvage What You Can Did you know that Alcoholism is among the three top reasons behind people’s divorce in the States? It is known to dimish relationships to the point where there is nothing left. Under the effect of alcohol, people do things they may regret later. Alcoholics usually have problems with focusing on their marriages, become secretive and tell a lot of ...
Most struggling couples will try and do everything to avoid a divorce. However, once it is over and both spouses know it, it is time to get prepared for a long and exhausting procedure.
Divorce is never an easy thing. It takes your time, your money and part of your life away. You will have to start changing your life, adapting to certain changes and get used to the fact that you may only see your children once a week.
From a financial perspective, divorce should be the last option for every married couple. But if it becomes unavoidable, here is what you can do to prepare for divorce financially.
Track your Expenses
once you realize that your marriage is about to be over, start tracking every single dollar that comes in and out of your household. This will help you organize your post-divorce budget and at the same time, provide your attorney and the judge with evidence of your complete income and expenses. Having records of the past several months would definitely help you out in the long run.Expenses, Expenses, and more Expenses
- Child support
- Schooling
- After-school activities
- Car insurance
- College tuition
- Getting a new apartment
- Having to provide food and clothes
Forget About Financial Advice from Coworkers and Friends
when you enter the stage of divorce, your friends and family members will want to help you out. This involves getting advised on every corner. You will receive so many advice that the best thing you can do is simply ignore all of them and seek professional legal help.Why ignore every advice? First of all, they all wish you well and may have never faced what you are facing now. They don’t know what you are going through and probably know nothing about the legal and financial aspect of your divorce. Those friends and relatives who have been through a divorce will tell you to contact an attorney immediately and listen only to his/her advice.
That is what you should do as quickly as possible. Our experienced and resourceful Salt Lake City Divorce Attorney will help you understand how you can manage your finances while going through a divorce and will guide you through a divorce as well, should you choose to hire their services. Call today, schedule your legal initial consultation and get answers to all of your questions.
Things you can do include:
- Close your joint credit accounts
- Open a new bank and credit card account
- Change beneficiaries on your pension, life insurance policies and IRA
- Be prepared to fight hard or lose everything
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