Financial Advice in Divorce for a Smooth Moving on
There is no woman who wants to face the divorce and its financial challenges. During divorce proceeding, a person not only deals with the pain of dissolution of marriage but also struggles with financial problems. It is really a difficult and emotional time for everyone involved in it and financial situation makes things worse. However, in such situation you should prepare yourself and look for financial advice divorce help from professional advisor or lawyer. When your partner is not ready to negotiate or ignores your legal right then you should go to court and make claim against him.
When you need financial advice in divorce
There are many situations when couples need financial advice from the legal advisor or solicitor. Here we have disused few such situations:-
You took loan for your ex-partner but now he can’t or don’t want to pay
You both own the house but not agreeing on how to split it now
When couples have joint mortgage but facing problem who should pay for it
You have joint business but facing trouble how to divide it
How financial advice divorce lawyer can help you in handling divorce case
Financial advisors
Help in creating realistic budget so that you can easily move on through your divorce process and beyond.
Provide information regarding financial characteristics of your assets like tax
Beneficial for determining long term financial plan for your further life
Divorce lawyers
Educate you with complete legal process of divorce
Help in filling legal documentation in court like complaints and summons
Represent your case strongly in the court
Negotiate divorce settlement in your favour to accomplish your financial needs
Financial mistakes to avoid during divorce
Apart from above points you should also avoid mistakes that may make you financially weak such as:-
Don’t take decision in a hurry to leave the city
Divorce is sensitive and emotional situation and becomes more difficult to manage when children are also involved in it. Don’t take any decision in a hurry and stay at the same place where you feel comfortable to live. Your one step will directly impact your financial status, therefore it is important to take sensible decision with peace of mind.
Equal division of property
It is important to know about proper valuation of your assets as per the current market trend. In this way you can claim for equal share and distribution of assets at the time of negotiation. Pay attention on the facts like transaction cost, present value and taxes during assets comparison for divorce negotiation.
Apply for separate account immediately
May be you have joint account with your partner, if yes then separate it immediately and apply for your new account. With joint account there are chances that your partner will withdraw all money which will cause you great loss. Therefore, take a smart decision and transfer all your money in separate personal account. Moreover, also cancel all your joint credit cards and accounts to prevent losses.
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