5 Ways to Save Your Money in a Divorce
Contact a Birmingham Divorce Attorney for Advice
Besides concerns for your children, financial issues are often a top concern
for many couples who are going through divorce. Whether or not you have
significant assets or own multiple properties, it is important that your
best interests are always kept at the forefront of anything you do.
Below read about the top five ways you can help protect your assets and
save money. If you have
questions regarding your specific situation,
contact Shaw Family Law, LLC today.
Communication is key. When you work with your soon-to-be ex, it is important to voluntarily
exchange information about all your assets and debts, no matter what how
big or small they may be. Not only can this help save time and emotional
stress, being honest and open about what you each do or do not own can
help you divide your property based on what was owned before, during,
and after you marriage.
Don’t fight over every little thing. Picking your battles can help greatly reduce the time it takes to file
and finish your divorce. After all, wasted time equals wasted money. While
it is important to communicate your wants and wishes, fighting over everything
can create a situation where drown-out litigation may be necessary.
Educate yourself and know your options. Asking questions and working with your divorce attorney can help ensure
that you know what is going on during every step of the legal process.
Further, by knowing all of your assets and creating a solid budget for
yourself, you can help avoid unintentional spending and even work to build
your savings account while you are going through the process.
Review your spouse’s finances and close any joint accounts or cards. To prevent wrongdoing or fraudulent practices, make sure you know about
the assets that your ex disclosed and that you immediately close any joint
Retain a skilled divorce lawyer. At Shaw Family Law, LLC, our attorneys have nearly three decades of experience.
We have seen almost every type of case and we use this knowledge to help
our clients, no matter what their circumstances. When you hire a neutral
third party who knows the laws and how best to help you, you can rest
easier knowing that your money is in good hands.