13 June 2013 0 Comments

Getting Finances in Order Post-Divorce

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Getting divorced can be very emotional and stressful. You may feel overwhelmed about how to get on with your life without your spouse. You may feel pain and devastation on a daily basis. However, it is important for you to overcome your grief and move forward.

If your marriage is coming to an end, make sure that your personal financial security doesn’t go with it. It is necessary for you to reorganize your life and get on the road to recovery.

Was your marriage a relationship where finances are shared? Was your spouse in charge of the finances? Do you now find yourself clueless in the money area?

Let me help you get control of the financial aspects in your life:

  • Create a realistic budget – include your monthly income and expenses
  • Close all joint accounts – establish your own credit
  • Put all household bills into your name
  • Review all beneficiary designations – bank accounts, life insurance, retirement accounts, estate planning

Try to be objective and dispassionate in your financial decisions. If you are living in your marital home and cannot afford it, it would be wise for you and your spouse to sell it and divide the proceeds.

If you are going through a divorce, you need an experienced advisor on your side. You need someone who understands the issues and will look out for your best interests. Call the Holstrom Family Law Offices in Riverside today. Because your family matters, we will aggressively fight for your rights.

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