CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

How to Make Your Divorce Free of Financial Battles

Divorce is tough no matter your circumstances, but the process is even tougher if you are fighting over or struggling with finances. There are several important financial decisions you will need to make once you decide to end your marriage, and protecting yourself financially should be one of your most important priorities.

What Can You Do to Create Smoother Financial Sailing During Your Divorce?

  • Accept that your standard of living is bound to change, but budgeting can make the transition easier. This is especially true during the divorce. If you can, set aside some money to pay for unexpected costs during this time. Then, focus on creating a manageable budget for the short-term and long-term.
  • Do not assume your living situation will remain the same, even if you are awarded custody of your children. Usually the parent that receives custody gets to live in the family home, but this is not a hard and fast rule. It is also important to consider whether you can even afford to live in this home before you focus on fighting to stay in it.
  • Close your joint bank accounts, including credit card accounts, with your soon-to-be-former spouse before your divorce is final. This makes it easier to protect your assets in the long run
  • Consider your finances as a whole. In addition to the house and joint accounts, you also need to take taxes, investments, and expenses into account. The goal should be to take a comprehensive approach to the financial aspects of your marriage and divorce, instead of deciding things piecemeal.
  • Do not assume equitable distribution is perfectly equal or fair division of property. Rarely is everything in a marriage divided in a way that is deemed fair by both spouses. Make sure you have a Plan B to help with any decisions that fail to go your way.
  • Finally, make sure you have the support and guidance of experts that understand the law and your situation. Your divorce attorney can help you a great deal through the process of ending your marriage, but he or she is not an expert in financial matters. This is especially true when it comes to legal issues regarding debt, savings, bankruptcy, and other financial issues that are a concern during a divorce. It is important to seek the assistance of separate attorney who specializes in financial issues.

If you are in the midst of a divorce and concerned about financial issues, or you have questions about how your divorce might affect your financial situation, we can help. And of course, if you are struggling financially and you want to be sure your divorce does not worsen the situation, we are on your side. Give us a call at the Law Offices of Robert M. Geller at 813.254.5696 to discuss your situation.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Tips for Rebuilding Your Credit after Bankruptcy

One of the primary goals after filing for bankruptcy is rebuilding your credit. As tempting as it might be to...
Read More

I’m Starting a New Life and I want a Financial Fresh Start – Should I File for Bankruptcy Now or Wait?

As the say goes, “when it rains it pours.” If you’ve found yourself experiencing financial difficulties while also dealing with...
Read More

What Does It Mean to Get a “Financial Fresh Start” in Bankruptcy?

Financial Fresh Start You’ve probably heard it before. “Bankruptcy gives you a financial fresh start.” It’s something stated on this...
Read More

Tips for Overcoming the Negative Emotions of Bankruptcy: How Can an Attorney Help Me with My Finances?

As advantageous as bankruptcy is when you are struggling financially, it’s still a stressful experience. Some people have a tough...
Read More

Why Bankruptcy Attorney Help Guarantees the Outcome You Want

Bankruptcy can be a blessing, but it’s also a complicated process. Bankruptcy attorney help means you'll understand the complexities of...
Read More

Can I Get a Mortgage After Bankruptcy? How Bankruptcy Attorney Help Leads to a Hopeful Future as a Homeowner

Securing a loan is one of the biggest challenges faced by someone after filing for bankruptcy. But this doesn’t mean...
Read More

How Does Claiming Bankruptcy in Florida Affect Your Children?

Claiming Bankruptcy in Florida Understanding how claiming bankruptcy in Florida affects your children is an important part of determining whether...
Read More

Claiming Bankruptcy in Florida: What Happens When You File for Bankruptcy and Your Spouse Does Not?

Claiming Bankruptcy in Florida You already know how much the things you do affect your spouse when you are married....
Read More

Should You Pay Back What You Owe Loved Ones Before You File for Bankruptcy?

Florida Bankruptcy Laws It’s common for people who are struggling financially to turn to their friends and family for help....
Read More

Bankruptcy and Family Law: Does Filing Affect the Child Support I Pay or Receive?

Bankruptcy and Family Law If you’re like many people, the well-being of your children is your most important priority. Struggling...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo RG Seal

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions