Robert W. Davis, Jr.,
Attorney at Law
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Financial preparation for your divorce

On Behalf of | Jan 29, 2024 | Divorce |

After making your decision to take the necessary course of action to end your marriage, you know that there are many changes ahead for you. One of the most significant ways that your life will change is with your finances. Like many people facing a divorce, you are naturally concerned with how this step will impact the rest of your life. While there are certainly necessary adjustments to make after the process is final, there are things you can do now to help you move forward.

One of the most important and useful things you can do to improve your chances for a strong post-divorce future is to prepare before you even begin the process. Certain steps will allow you to ensure that your interests are secure and that you are doing everything possible to meet your goals. Small steps now can have significantly positive results in the future.

Before and during your divorce

Making the choice to file for divorce is a serious decision, but that is only the first of many choices you will have to make. The decisions made during this process have the potential to impact your life for years to come, which is why it is often helpful to remove emotions from the decision-making process. Some steps you can take to financially prepare for your divorce include:

  • Begin to track your expenses now, as this will help you in your pursuit of support and the establishment of a post-divorce budget.
  • Take well-meaning advice with a grain of salt, and instead choose to listen to the advice of professionals and those with your interests in mind.
  • Gather as much documentation as you can pertaining to your finances, including your bank records and tax returns.
  • Be aware that the other spouse may try to resist your efforts and even fight to prevent you from getting your fair share of marital property.

Seeking help from the earliest stages of your Mississippi divorce may allow you to make the best possible decisions for your situation. With guidance, you can begin to intentionally take steps that will lay the foundation for future success and stability long after the divorce is final. Before you make any important decisions, careful consideration of potential implications is necessary.


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