Dear Attorneys,
How can I protect myself financially in a divorce? I’m about to file, but I want to make sure that I have my ducks in a row first.
Sincerely,
Daphne Duck
Dear Daphne,
One of the best things to do to protect yourself financially in a divorce is to have a good grip on your financial situation. We speak with many clients who have no idea what account(s) they have, where to get the information, or even how much money their spouse makes. It is helpful if you can get acquainted with your financial situation, and often, that involves speaking with an accountant or financial advisor. Once you know that, then we can discuss what steps may be the most beneficial for you (i.e. when it does make sense to pay off a credit card, or if it makes sense to use a credit card for counsel fees). We can also start to complete your financial affidavit which will help guide us in the correct direction for a financial settlement. There are also other factors that come into play, such as if there is a home equity line of credit on your property, or any outstanding liens or taxes owed. These are all aspects to consider when looking at financial options during your divorce.
If you aren’t sure where to start, setting up a consultation with an attorney is a good first step. If there are in-depth financial questions that are better suited for a financial professional, we have a network of colleagues that we are happy to connect you with to help you make informed decisions.
Wolf & Shore Law Group is here to help you make your family law matters easier, not harder. We are realistic and direct with our clients. We encourage potential clients to seek out a firm where they will feel comfortable and confident. Ever argue with a woman? Let Wolf & Shore Law Group go to work for you. Call us at 203.745.3151 or email us at info@wolfandshorelaw.com.
Very Truly Yours,
Wolf & Shore Law Group
*The situations represented in our Dear Attorneys column are entirely fictional and any resemblance to a specific case is unintentional. We cannot, and will not, offer legal advice to anyone who is not a client. However, if you do have questions or concerns, you should contact an attorney at your convenience.
