26 December 2012 0 Comments

Divorce and financial future

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In many divorce cases, one spouse takes on most of the financial responsibilities while the other is responsible for maintaining the household.  Sometimes this leaves each spouse unaware of what the other is doing with income, expenses, credit cards, etc.

If you are facing divorce, it is wise to take steps to secure your financial future.  Review all documents pertaining to finances, make copies and give your spouse a set.  This includes:

·         Credit card statements

·         Investment and retirement account statements

·         Tax returns

·         Property bill taxes

·         Loan documents, if applicable

It is difficult to determine how much a divorce will affect you financially.  Make sure you have cash on hand to live on as well as money for expenses such as legal representation or financial counseling.  Have a clear understanding of your assets, income and any outstanding debts.

If you have questions regarding finances and your divorce, contact an experienced Riverside Divorce attorney who will be able to answer those questions and advise you of your legal options.

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