First Steps to Take With Your Finances When Getting Divorced

danbury-family-law-lawyer-300x199Your divorce will likely be a painful and traumatic process, but you should also think of it as a business transaction. You and your spouse will have to work together to separate your finances and assets. This is much easier if you and your spouse can work together amicably, but, either way, your Danbury family law lawyer will help you work toward an agreeable resolution.Danbury family law lawyer

Liquid Funds

Start by opening a separate checking account in your own name. You can no longer rely on the joint account with your spouse. Take out some cash and set it aside in a safe place, as in especially nasty divorce cases, one spouse might have the bank accounts and credit cards frozen. Your Danbury family law lawyer will probably not recommend that you take such a drastic step, but it is best to be safe in case your spouse gets different advice.

Work with your spouse and your Danbury family law attorney to figure out how you should handle the joint bank accounts. Usually, the simplest step is to just close them and split the cash.

Similarly, close your joint credit cards and open your own credit card account in your name. Get a free copy of your credit report (you are entitled to three in a year) and monitor your credit to make sure that no new accounts are opened in your name.

Get the experienced help you need to guide you through your divorce. Contact Danbury family law lawyer Walter Shalvoy at 203-426-4409.

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