Introduction
A lot of people are concerned about how their property will be managed after their divorce and for good reason! It can be extremely disheartening to feel as if you don’t have any control over your life following divorce, but there are steps you can take to restore some of that sense of stability and to ensure that you get the best possible outcome from your divorce proceedings.
Talk to the experienced divorce lawyers at Broder Orland Murray & DeMattie LLC today about how you can manage your assets after divorce!
Give Yourself Some Time
There are a lot of moving parts when it comes to determining how your assets should be distributed during a divorce. Not only that but there’s a lot of financial and legal jargon being thrown around—and you may feel like you don’t know where to start or who to trust.
That’s why it’s so important not only to find an experienced divorce lawyer in your area but also one who has experience with settling divorce assets.
Know Your Family’s Finances
Knowing your family’s finances can be an eye-opening experience, especially after a divorce.
Before looking at your new financial reality, however, think about how much you know about your family’s money.
Do you know where all of your money is going each month? Which bills need to be paid first and which are optional? Is there any way you could improve where you are financial? If so, brainstorm some ideas for how to tweak things in a way that works for you and your family.
Know What Is In Your Retirement Funds
You may find yourself feeling a bit strapped after splitting up with your spouse, but don’t be tempted to raid your retirement accounts.
In most states, any withdrawals from these funds are considered marital property and are subject to division as part of a divorce settlement.
Before moving forward with any plan for retirement money in a post-divorce situation, you should consult an attorney about how best to protect that asset for yourself and any dependent children.
Conclusion
In conclusion, it’s important that you seek professional advice when going through a divorce.
The process can be very complex and emotionally draining. If you have any questions or concerns, please feel free to contact me at your convenience. I hope this information has been helpful to you.
