In a divorce, not only is there emotional and relational stress, but there
is also a considerable amount of financial worry as well. At least the
financial losses you could face are quantifiable and predictable though.
This means that you may only have to take simple steps to protect yourself
from this avoidable pitfall of a
First of all, you have to make the right choice when it comes to your divorce
lawyer. Some people's instincts may be to go for the expensive lawyer
who can wring their ex for all they are worth in a courtroom battle. Not
only will this make an insane dent in your pocketbook, but the emotional
scars you would both sustain are totally needless. Instead, you want to
find a lawyer who is committed to finding a fair as well as an amicable
resolution, and out of court too if at all possible. You also want an
attorney who will not break the bank to retain either.
Secondly, you should try to pursue an
uncontested divorce. Not only will this quicker divorce settlement reduce your stress, but
it will also reduce your legal fees. You, your spouse, and your respective
lawyers can negotiate the settlement that satisfies you both, and you
can soon be on your separate ways. In fact, you may want to look at divorce
mediation to see if it is the right way for you two to come to a settlement.
Thirdly, you need to be on top of your finances. This is true for many
reasons, but in divorce it is especially vital that you are precise in
your financial disclosure; you do not want to be accused of hiding assets
from your spouse. And if a lawyer advises you to do so, you need new legal
representation. Not only is hiding funds wrong, but you would be hit with
heavy fines for doing so. Doing the right thing will help you out in the
final divorce decree too.
Furthermore, you want to close your joint credit card accounts. If these
are still open, even after the divorce, you could still be the one feeling
the consequences for your ex's debt, even on your credit history.
As soon as you can, close your joint accounts, and open up separate accounts.
You can then split up the debt from the joint accounts, transferring this
according to who is responsible for which expenditures.
Finally, follow the court orders in your finalized divorce decree. This
means that if you have any maintenance (alimony) or child support payments
to make, make them punctually and fully. First off, this can help you
and your ex to have a sustainable and cordial relationship, even as exes.
And this is of benefit not only to the two of you, but to your children
as well; meeting their support payments is only fair to them. Also, this
will save you money from not falling into debt, and not to mention, would
keep you from being fined by the court. (However, if you find that court-ordered
payments are unfairly high, that you are simply unable to meet them after
a sudden change in your life such as a job loss, you may be able to legally
act against this by getting these court orders modified.)
If you are looking for an experienced divorce attorney in Long Island, then
contact the Meyers Law Group, P.C. When you work with our firm, you can find the compassionate legal representation
that you deserve, the legal advocate who can help you and your family
find a stronger future, emotionally and financially.