Robert W. Davis, Jr.,
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Vital considerations after deciding to divorce

On Behalf of | Sep 22, 2020 | Divorce |

After deciding to move forward with ending a marriage, a spouse will be faced with many important decisions both before and during this legal process. Divorce will bring significant changes to every area of life, and making smart choices from the very beginning will help a Mississippi spouse avoid problems and complications down the road. It’s important to think long-term, even from the earliest decisions one will have to make.

An important consideration is how a divorce will affect cash flow and daily expenses. Chances are that immediate changes will be necessary to adjust to new circumstances, especially if one party moved out. Another important consideration is how to manage debt during the divorce while also pursing terms that will split marital debt equitably between the two parties.

One immediate decision that is necessary after deciding to divorce is where will the two spouses live. Will one move out, and if so, can the other spouse afford to live alone? It is also financially prudent to update and change beneficiaries on certain types of accounts as soon as possible. This will prevent complications regarding the distribution of retirement accounts.

Divorce is a complex process, and the decisions made during this time will affect a Mississippi spouse for years to come. It is beneficial to start working with an experienced family law attorney as soon as the decision is made to file. With knowledgeable guidance, it is possible to make choices that will allow for financial stability during a divorce and well into the future.


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