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6 Financial Steps to Take After a Divorce

Written by BooAdmin on . Posted in Uncategorized


Following a divorce, you may find yourself confused about the financial decisions you now face. For instance, you may be paying or receiving child support or alimony payments. Or maybe you have to seek new or better employment to pay for the basic expenses your former spouse’s income covered.
Are you taking the first steps toward financial freedom following a divorce? Are you unsure of how to move forward? These steps will help you move forward in post-marriage life.

1. Separate Your Finances
After your divorce, it is smart to remove your name and information from joint bank and credit accounts. You should open new accounts under your name.

At this time, you might also want to remove your ex-spouse from other accounts, including your life insurance and health insurance if necessary. You might also want to make changes to your legal documents, like your medical directives, power of attorney, and living will.

Simple Divorce: Tips for a Successful Mediation

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When you and your spouse decide to divorce, the goal should be to leave the marriage as equally and peacefully as possible. If you have an amicable relationship without any significant complexities, you may want to consider mediation. Mediation is a way to divorce without going through a traditional court trial. The process is less expensive and faster than a divorce in court.

Mediation is a great way to end a marriage when you and your spouse agree on your divorce terms and can discuss things that you do not see eye to eye on. If you decide to go with mediation, consider some of these tips to ensure a successful process.

Make a Plan in Advance
Mediation allows you and your spouse to discuss the terms of your divorce and make your own decisions. The process is generally simple and straightforward, but you still need to make a plan ahead of time. You need to know exactly what you want regarding child support, alimony, and the like.

4 Signs You Need a Divorce Lawyer

Written by BooAdmin on . Posted in Uncategorized

Up to 50% of marriages unfortunately end in divorce. Instead of trying to handle all the divorce complexities yourself, you should hire a lawyer to help you.

Consider these four signs that you need a divorce lawyer to assist you through this trying and confusing time. Even if your divorce doesn’t go to trial, having a divorce lawyer to guide you through the process is highly recommended.

  1. You Share Children in Common

You and your soon-to-be ex-spouse can draw up a parenting plan to have the courts approve to determine who gets the children and what the custody rights are. Dividing fair parenting time between you two for holidays, birthdays, summer vacation, and other important events is clear with a parenting plan.