If you and your spouse are getting a divorce after years of marriage, it's likely that you two have built a combined financial history. You have probably co-signed legal documents concerning major purchases, mortgages, and car loans. Now as you legally separate your finances, it is important that you have the credit, resources, and financial tools to continue moving forward. The family law firm of Brian D. Perskin & Associates P.C. can help by providing separating couples the right consultation concerning the proper division of assets.
Until now you and your spouse have shared financial decisions, but after this separation it’s important to realize that your household and family may be running on a reduced income.
Here are a few steps to take to ensure the financial stability of your family during and after your divorce:
- Maximize Your Cash Flow: With a divorce lawyer, set out the right financial plan for you and your partner. It is important to understand if someone will be paying child support, alimony, and other major expenses.
- Protect Your Family: If you are considering selling your home and dividing the assets, be sure to continue payments while the house is on the market to maintain your credit. Also keep a copy of all your financial records to ensure that everything it accounted for.
- Establish Your Own Credit Rating: This is an important step to financial independence. If most of your bills were in your ex-spouse’s name, this is a step that you should implement as soon as possible.
Protect your assets and financial independence with these tips. The road to separation can be a complex and arduous one, but the experienced family law firm of Brian D. Perskin & Associates P.C. can help. Contact a family law attorney for a consultation at (877) 826-7257 today.