Women can Take Many Steps to Financially Prepare for Divorce

It’s only natural to have a variety of questions as a woman going through the divorce process. While some are easier to answer than others, every one deserves your full attention.

Women, in particular, often worry about what the future will bring after the divorce is finalized. There are many reasons for this, including the fact that some women did not work while they were married. As a result, they know that their life is going to change in many ways.

Important Moves to Make

Preparing for divorce is easier said than done, but there are basic steps any woman can take to make herself feel better about the future.

  • Gather all the necessary financial records. From bank account statements to retirement account statements, don’t leave any stone unturned.
  • Save for the future. Even if it’s only a little bit of money, it will come in handy as you move through the divorce process. You can use the cash for legal fees, starting your new life, and giving yourself some “padding” if you happen to run into a difficult month.
  • Get a copy of your credit report. This will give you a clear idea of where things stand with regard to your credit, including areas of concern that require your immediate attention.
  • Make important changes. Do you need to alter your estate plan? Do you need to name a new beneficiary on your life insurance policy? These types of important changes need to be made right away, as any delay could have a far-reaching impact in the future.

With so much going on, it can be a challenge to focus your time and energy on these financial moves. Even so, you need to make sure that all of these points are high on your priority list.

When you take the right steps to financially prepare for divorce, when you understand your legal rights, and when you have the right people on your side, it’s much easier to get down to business and put your divorce in the past. From there, you can look forward to a future in which you are able to live a better life.

Published On: January 26th, 2017Categories: Mediated DivorceComments Off on Women can Take Many Steps to Financially Prepare for Divorce
Share This Story, Choose Your Platform!
About the Author: Marco Brown
6d8a23cf114c43e68fc064216eff550b?s=72&d=mm&r=g
Marco C. Brown was named Utah’s Outstanding Family Law Lawyer of the Year in 2015. He graduated with distinction from the University of Nebraska College of Law in 2007 and is currently the managing partner of Brown Family Law, LLC.
Contact Us – We Are Here to Help You

Schedule a time to talk with us – we are here to help you. When you meet with your attorney, we will go over your entire case, your children, your money and everything else that’s important to you. Our goal is to remove the fear associated with divorce by protecting your money and maximizing your time with your kids, all within 3-6 months. We look forward to meeting with you!

Call us 24/7 at 801-685-9999 to Speak with a Live Representative
Get A Legal Consultation With An Experienced Utah Attorney
Your privacy is 100% guaranteed, your information will never be sold or shared.

While this website provides general information, it does not constitute divorce advice. The best way to get guidance on your specific divorce issue is to contact a lawyer. To schedule a divorce consultation with an attorney, please call or complete the intake form above.

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.