Tips for addressing finances during divorce

When people go through a marital dissolution, they are naturally overwhelmed by the emotional aspect of the process. However, addressing the financial issues associated with divorce is just as critical due to their potential long-term impacts. Here are some pointers for making sure that one's financial best interests are protected going forward in New Jersey.

First, it is important for people who are getting divorced to determine the amount of money to which they are entitled. This may involve, for example, identifying any assets that produce income. This is important because this information can help with determining alimony and child support issues. In addition, it impacts how the two parties' marital estate will be divided.

Second, divorcing individuals would be wise to protect their savings. This may involve asking their banks to require not just their signatures but also their future exes' signatures before any withdrawals can be made. Otherwise, one party may end up withdrawing large sums of money unbeknown to the other party while the divorce process is taking place.

Finances can certainly be confusing to navigate, especially during divorce. However, an attorney in New Jersey can explain to a divorcing individual how the state's divorce laws treat various types of assets as well as liabilities. Then, the attorney can provide practical advice for addressing divorce issues such as property division and alimony in a matter that reflects his or her client's best interests. The family law attorney will take the necessary steps to secure a fair and comprehensive settlement agreement on behalf of the client.

No Comments

Leave a comment
Comment Information
Email Us For a Response

Get The Help You Need

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Linwood Office
616 W. Ocean Heights Avenue
Linwood, NJ 08221

Phone: 609-365-1199
Phone: 609-457-0922
Phone: 609-926-7700
Fax: 609-926-1848
Map & Directions

By Appointment Only
1011 Atlantic Avenue
Beach Haven, NJ 08008

Phone: 609-365-1199
Map & Directions

Atlantic City Office
2428 Atlantic Avenue
Atlantic City, NJ 08401

Phone: 609-365-1199
Map & Directions

Vineland Office
1055 E. Landis Avenue
Vineland, NJ 08360

Phone: 609-365-1199
Map & Directions

Marlton Office
30 S. Maple Avenue
Marlton, NJ 08053

Phone: 609-365-1199
Map & Directions