Arm yourself with knowledge, preparation before you divorce

When people in California are considering a divorce, or are preparing for a negotiation of terms, one of the best things they can do is be prepared. Having an abundance of information available can only be helpful in the long term.

So how do you know what's important? While not every little receipt is necessary to keep, there are some things that are more important than others. This is especially important if one spouse or the other has made a more significant financial contribution over the years. Here is a list of some of the most important tasks to accomplish before it's too late:

  • Assemble all your paperwork. The more assets you can identify as yours, the more fairly will they be divided.
  • Establish your own accounts. Having bank and credit card accounts in just your name helps to delineate financial boundaries and ensure assets are no longer comingled.
  • Start a joint account for family expenses. Until things get sorted out, there should be a temporary system in place to be sure nothing gets missed.
  • Figure out college tuition. If you have kids who will be going to college in the future, have an idea of how to fund their education.
  • Take care of health insurance. If you're currently covered by a spouse, you'll need to arrange coverage for yourself.
  • Be aware of retirement benefits. You may require outside help to determine the value, current and future, of retirement assets.
  • Talk to experts. Speak with an experienced California family law attorney to make sure all your bases are covered.

Source: The Huffington Post, "We're Getting A Divorce, Now What?" Linda Descano, Feb. 1, 2012

No Comments

Leave a comment
Comment Information

Find out how we can help you.

Call 951.824.6449, chat with us, or request a consultation below.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Our Office Locations

Riverside Office
4094 Chestnut Street
Riverside, CA 92501

Phone: 951-824-6449
Fax: 951-715-4601
Map & Directions
Email Us

Temecula Office
28465 Old Town Front Street
Suite 321
Temecula, CA 92590

Phone: 951-824-6449
Fax: 951-715-4601
Map & Directions
Email Us