Before Divorce - Financial Issues
When you are first thinking of obtaining a divorce, there are usually a million and one questions running through your head, and one of them is usually concerning money and bills.
How much will a lawyer cost? What about my current bills? How am I going to pay for all this? And I'm sure there are many, many more.
This is often where men get "screwed" financially more often than women, as they often leave the home yet are still stuck paying for all the same bills as if they were still living there.
First and foremost, it is crucial to know where you are at financially as a couple with your Ex before you start to separate your finances.
What debts do you currently have together and what debts do you have separately? Who has access to which accounts? Who pays for which bills? Whose name is on which bills? Do you own property together and/or individually? These are all really important, yet basic questions that you must know the answers to, in addition to any other financial obligations that you might have for your children and any other family members.
You need to know exactly where you are as a couple so you know where to begin separating your financial lives from each other.
Then you need to act.
This may mean taking your name or her name off certain bills, opening a separate checking or credit account that only you have access to, etc.
You don't want to stay combined financially until the last second as this can and will create problems later on.
Take an account of where you are at and then start making the necessary moves to separate yourself from your Ex financially.
You also need to know these financial facts about your lives together as it is almost a guarantee that this will be brought up during the divorce process.
It is best to be clear as to who owns what, who owes what, etc.
right from the start to cut down or eliminate the stress and aggravation of figuring this out later on when things get heated up in court.
Trust us when we say that most people, men or women, don't do this until things have already gotten really nasty in court, creating a much bigger issue than if things had been dealt with right at the beginning.
Don't let this be you and your case! Take action now!
How much will a lawyer cost? What about my current bills? How am I going to pay for all this? And I'm sure there are many, many more.
This is often where men get "screwed" financially more often than women, as they often leave the home yet are still stuck paying for all the same bills as if they were still living there.
First and foremost, it is crucial to know where you are at financially as a couple with your Ex before you start to separate your finances.
What debts do you currently have together and what debts do you have separately? Who has access to which accounts? Who pays for which bills? Whose name is on which bills? Do you own property together and/or individually? These are all really important, yet basic questions that you must know the answers to, in addition to any other financial obligations that you might have for your children and any other family members.
You need to know exactly where you are as a couple so you know where to begin separating your financial lives from each other.
Then you need to act.
This may mean taking your name or her name off certain bills, opening a separate checking or credit account that only you have access to, etc.
You don't want to stay combined financially until the last second as this can and will create problems later on.
Take an account of where you are at and then start making the necessary moves to separate yourself from your Ex financially.
You also need to know these financial facts about your lives together as it is almost a guarantee that this will be brought up during the divorce process.
It is best to be clear as to who owns what, who owes what, etc.
right from the start to cut down or eliminate the stress and aggravation of figuring this out later on when things get heated up in court.
Trust us when we say that most people, men or women, don't do this until things have already gotten really nasty in court, creating a much bigger issue than if things had been dealt with right at the beginning.
Don't let this be you and your case! Take action now!
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