As you prepare to end your marriage, there are many ways you need to prepare for the next chapter in your life. Of all the preparations and considerations you make, how to protect your finances during this tumultuous time must be a priority to ensure you make it through the divorce financially intact. At The Dorris Law Group, our team is here to help guide you through every step of the divorce process, including providing legal advice that can help you prepare and protect your assets. Contact our office today to request your free consultation with a Tucson divorce lawyer. In the meantime, review the tips below for more information on the matter.
Financial Considerations
Collect Financial Documents
When you first determine that your marriage is coming to an end, it is very important to take steps to protect your personal information. Loan documents, credit reports, bank statements, and other types of non-joint financial documentation often contain sensitive information on them. Even under the best circumstances, there is no reason for your spouse to have access to this information. As such, it may be wise to gather these documents up and keep them in a safe place where only you can access them.
Explore Possible Hidden Assets
Many unhappy spouses postpone moving forward with a divorce because they believe they cannot afford many of the divorce-related expenses. This is especially true in controlling or abusive marriages, and marriages in which one spouse has control over the finances. In truth, you may have access to funds you are not even aware of. By speaking with an experienced divorce lawyer, you can assess your personal assets to determine if any of them can provide the temporary funding you need to pay for your share of the divorce.
Consider Getting a Post Office Box
As you begin to take steps toward financial independence from your spouse, you will likely begin receiving mail that is intended only for you. For example, if you open a new bank account or secure a loan for housing in the absence of your spouse, you may begin receiving correspondence from financial institutions that is confidential. In order to ensure that your mail does not end up in the wrong hands, it may be helpful to rent a post office box to ensure you have a secure, private place for your mail.
Consult With an Experienced Divorce Lawyer
Finally, in addition to gathering your private financial documents, exploring hidden assets, and getting a post office box, we recommend making an appointment to speak with a divorce lawyer to determine if securing legal representation is in your best interest. Many consultations are free, and you are not obligated to retain an attorney who does not seem like a good match for your case. A well-qualified divorce attorney can help you with every aspect of your divorce, from property division to child custody and child support.
Speak with a Tucson Divorce Lawyer Today
Are you ready to take the first step in preparing yourself and your finances for your impending divorce? If so, then Tucson divorce lawyer John Dorris is here to help. Mr. Dorris has years of experience representing individuals in a broad range of complex financial matters. Our team can help you discover hidden funds to help ease the financial strain of divorce as well as provide you with a consultation to review the details of your case to determine if Mr. Dorris is the right fit for your needs. Please contact our office today to request your free consultation — we look forward to speaking with you.