CALL FOR A FREE
INITIAL CONSULTATION
813.254.5696

BRIDGING YOU TO A BRIGHTER FUTURE

How to Make Your Divorce Free of Financial Battles

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.

 

Tampa Bankruptcy Law Blog

What’s the Scariest Thing about Bankruptcy?

What’s the Scariest Thing about Bankruptcy?

Managing Fear In Bankruptcy Filing for bankruptcy can be scary, but not nearly as scary as dealing with overwhelming debt...
Read More
Does a Trust Protect Assets in Bankruptcy?

Does a Trust Protect Assets in Bankruptcy?

Trusts and Bankruptcy Trusts are popular in the asset protection industry and many promote them as a way to remove...
Read More
How Do You Know if a Creditor is Violating a Bankruptcy Discharge?

How Do You Know if a Creditor is Violating a Bankruptcy Discharge?

Creditor violations of debt discharge in bankruptcy Filing for bankruptcy offers a variety of benefits, the most important of which...
Read More
Three Secrets to Securing Chapter 13 Success

Three Secrets to Securing Chapter 13 Success

Finding Success Filing Chapter 13 Bankruptcy Chapter 13 bankruptcy is a valuable tool that allows you to manage debt without...
Read More
How Bankruptcy Can Change Your Life

How Bankruptcy Can Change Your Life

Bankruptcy is not Magic Alleviating financial distress by filing for bankruptcy can seem like life-changing magic. Bankruptcy can change your...
Read More
What You Need to Know about Reaffirming a Loan

What You Need to Know about Reaffirming a Loan

Reaffirmation of Loans There are a lot of decisions to be made in bankruptcy. One of these decisions is whether...
Read More
Steps to Filing a Chapter 13 Bankruptcy [Infographic]

Steps to Filing a Chapter 13 Bankruptcy [Infographic]

Filing Chapter 13 Bankruptcy Meet with your attorney to evaluate the case. Determine the length of the plan and monthly...
Read More
Why Bankruptcy Warnings Might Not Be Valid

Why Bankruptcy Warnings Might Not Be Valid

Are Bankruptcy Warnings for Real? Simply Google the term “bankruptcy” and you’ll get a slew of information, much of it...
Read More
Debt Resolution, Surprising Facts about Bankruptcy

Debt Resolution, Surprising Facts about Bankruptcy

On the August 9, 2019 episode of Tampa Home Talk, Tampa Bankruptcy Lawyer, Robert Geller joined to show to answer...
Read More
Should You Be Afraid of Bankruptcy?

Should You Be Afraid of Bankruptcy?

Bankruptcy has a bad reputation. People do all they can to avoid filing and even those who have never considered...
Read More

Contact Us

Search Website

Archive

Request a FREE Consultation

For The Next 5 Days Get A Free Book About Bankruptcy


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

Pay OnlineBankruptcy Courses

comodoavvo1avvo2avvo3LEA

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


Tampa Bankruptcy Lawyers Map

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





Maps & Directions

At the Tampa Bay law firm, the Law Offices of Robert M. Geller, P.A., we help people with consumer bankruptcy matters in the Tampa Bay-St. Petersburg,  Florida communities such as Clearwater,     St. Petersburg, Tampa, Thonotosassa, Riverview, Lutz, Plant City, Brandon, Carrollwood, Wesley Chapel, St. Petersburg Beach, Lakeland, Mulberry, Dade City, Pinellas Park, Largo, Seminole, Odessa, Oldsmar and Lithia, and counties such as Hillsborough County, Pinellas County, Pasco County, Polk County and Manatee County.