Robert W. Davis, Jr.,
Attorney at Law
PUT YOUR TRUST IN EXPERIENCE:
CALL 662-269-4454
PUT YOUR TRUST IN EXPERIENCE:
CALL 662-269-4454
Laying the right foundation for a strong future after divorce

On Behalf of | Jul 29, 2021 | Divorce |

The choices made during a divorce will affect a Mississippi spouse for years to come. This is why it is critical to think long-term and make decisions based on what will make sense in the future. With the right perspective and appropriate goals, it is possible to lay the foundation for a strong future after a divorce. This can be accomplished through certain steps during financial settlement discussions and negotiations.

Reasonable goals

Before moving forward with discussions on a settlement, it can help to set reasonable goals for the future. This requires thinking reasonably about issues such as reduced income, divorce-related expenses, reduction in retirement savings and more. Other steps that will allow one to fight for a fair result include:

  • Start strategizing for how to build credit independently and pay off debt after the divorce is final.
  • Make a new budget based on post-divorce financial capabilities and begin adjusting expectations for the future.
  • Start saving for an emergency fund, rebuilding savings that may have been reduced during a divorce.

With the following steps, a Mississippi adult going through the emotionally complex process of divorce can lay the foundation for a bright financial future.

Looking ahead

One would be wise to work with an experienced attorney when making important decisions about the future. When it comes to the best financial future after a divorce, knowledgeable guidance is crucial as one is considering terms that will affect him or her long-term. An assessment of the individual case can provide insight regarding the most appropriate way forward.