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

Are Medical Issues Forcing You Into Bankruptcy?

Many Americans wind up in debt because of medical bills. One of the most common reasons for filing bankruptcy in...
Read More

Law Offices of Robert M. Geller, P.A. Congratulates Danielle Austin For Receiving the Patriot Award from the United States Department of Defense

Award Recognizes Support of Guard and Reserve Members Who Work for the Organization Tampa, Florida, June 29, 2021 – The...
Read More

Is Your 401k or Other Retirement Savings at Risk in Bankruptcy’s Liquidation of Assets?

If you’ve spent years saving for retirement, putting that money at risk when you file for bankruptcy is likely one...
Read More

Tips to Help You Protect Your Assets When You File for Bankruptcy

One of the most intimidating aspects of filing for bankruptcy is protecting your assets. Worrying about whether bankruptcy puts their...
Read More

How Does Bankruptcy Affect Vehicle Ownership? What Assets Can You Keep through the Bankruptcy Process and Does It Affect Your Car?

Many people struggling financially avoid filing for bankruptcy because of concerns about losing important assets like their vehicles. The good...
Read More

Is There a Legal Way to Hide Assets When You File for Bankruptcy?

Filing for bankruptcy can be an overwhelming experience. The relief you receive when you file helps you feel better about...
Read More

Do Bankruptcy Trustees Take Your Savings? What is Considered an Asset in Bankruptcy and How Does It Affect the Money You’ve Saved?

Bankruptcy trustees gain access to a variety of your assets when you file. But what is considered an asset in...
Read More

Can Filing for Bankruptcy Help You Protect Your House?

fiHow filing for bankruptcy affects your home is one of the greatest concerns people have when they consult with bankruptcy...
Read More

Should I Refinance a Student Loan I Can’t Discharge in Bankruptcy?

Student loan debt is overwhelming many people. Could refinancing be the answer to help you avoid bankruptcy if your student...
Read More

Can Student Loan Consolidation Help You Avoid Bankruptcy?

One of the most common questions people have when they consider bankruptcy is “can student debt be discharged in bankruptcy?”...
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