How to Divorce and Not Lose Everything in the Process
If you are going through a divorce, you may be feeling like you are going to lose everything but it doesn't have to be that way.
This article gives you a few tips which you should keep in mind on how to divorce and not lose everything.
Be careful which lawyer you choose because they are only interested in making money, this way they won't be able to take advantage of you.
If possible, go with someone who has been recommended by a friend or someone you trust.
The last thing you want is a lawyer that is trying to rip you off because a divorce can be expensive enough.
Remember that women already have an advantage from the start as they are often favored in court so a good lawyer is essential.
Make sure the lawyer talks through the process and makes it clear what steps you need to take to look after your finances.
They need to explain all the legal terms to you.
Remember you want to hold on to as many of your assets as you can.
Hold on to proof of any transactions you have made from your account so you can use it as evidence in court if necessary.
Re-open any joint bank accounts in your name and have any joint credit cards re-issued to you in your name only.
You don't want to end up being liable for any expenses your wife has run up on a joint credit card that is still in your name.
Pay off any debts you have together and clear the accounts.
If you can't pay them off then have them frozen by the bank so you don't keep adding to these debts.
Make sure that you contact any creditors if you find yourself in a situation where you cannot make certain payments, so you can make a payment plan.
The last thing you need is a bad credit rating.
Be aware that assets are split 50/50 so make sure things like your pension plan is being paid into a separate account so your wife doesn't walk away with half.
You should think about changing your will as well.
It is a good idea to change your private mail address because you don't want it getting into the wrong hands, especially if it involves your finances.
Also, do not throw away any mail you have received from your wife, no matter how angry you feel at the time, every piece of evidence counts.
Make sure you come out of the marriage with everything you put into it financially.
Keep all financial papers and records in order.
As far as your house is concerned, the best idea is to sell the house and split the money between you.
If children are involved you may wish to let you wife stay in the property and make mortgage payments with or without your help until such a time as the children can move out.
Normally the wife will always be the one who gets to stay in the house so you have to work out what the best option is for you.
Ensure that any vehicles you wife is driving are registered in her name so that you are not responsible for any payments towards insurance or maintaining the vehicle.
These tips should help you in preparation for how to divorce and not lose everything.
Being prepared is the most important thing you can do so that you are always on top of your game.
This article gives you a few tips which you should keep in mind on how to divorce and not lose everything.
Be careful which lawyer you choose because they are only interested in making money, this way they won't be able to take advantage of you.
If possible, go with someone who has been recommended by a friend or someone you trust.
The last thing you want is a lawyer that is trying to rip you off because a divorce can be expensive enough.
Remember that women already have an advantage from the start as they are often favored in court so a good lawyer is essential.
Make sure the lawyer talks through the process and makes it clear what steps you need to take to look after your finances.
They need to explain all the legal terms to you.
Remember you want to hold on to as many of your assets as you can.
Hold on to proof of any transactions you have made from your account so you can use it as evidence in court if necessary.
Re-open any joint bank accounts in your name and have any joint credit cards re-issued to you in your name only.
You don't want to end up being liable for any expenses your wife has run up on a joint credit card that is still in your name.
Pay off any debts you have together and clear the accounts.
If you can't pay them off then have them frozen by the bank so you don't keep adding to these debts.
Make sure that you contact any creditors if you find yourself in a situation where you cannot make certain payments, so you can make a payment plan.
The last thing you need is a bad credit rating.
Be aware that assets are split 50/50 so make sure things like your pension plan is being paid into a separate account so your wife doesn't walk away with half.
You should think about changing your will as well.
It is a good idea to change your private mail address because you don't want it getting into the wrong hands, especially if it involves your finances.
Also, do not throw away any mail you have received from your wife, no matter how angry you feel at the time, every piece of evidence counts.
Make sure you come out of the marriage with everything you put into it financially.
Keep all financial papers and records in order.
As far as your house is concerned, the best idea is to sell the house and split the money between you.
If children are involved you may wish to let you wife stay in the property and make mortgage payments with or without your help until such a time as the children can move out.
Normally the wife will always be the one who gets to stay in the house so you have to work out what the best option is for you.
Ensure that any vehicles you wife is driving are registered in her name so that you are not responsible for any payments towards insurance or maintaining the vehicle.
These tips should help you in preparation for how to divorce and not lose everything.
Being prepared is the most important thing you can do so that you are always on top of your game.
