Is divorce expensive in Texas?
Divorce in Texas, is it expensive? What should I know about finances before I get a divorce?
Are you financially ready to get divorced? This topic is huge amongst those seeking out a divorce! The unknown can be terrifying, and when you through in finances and all that comes with it...you're looking at a huge headache, am I right?
Here are our top 4 tips when it comes to getting divorced.
Organize your finances.
Find out what you have and where it is. Know what you have and where it's coming from. You don't want any surprises when it comes to money and what you have coming in and who it belongs to. There's no worse feeling than being unprepared, and we want you to be ready for whatever is thrown your way.
Establish credit in your own name.
Do you have your own credit? Do you have any bills in your own name? Have you owned a car? Have you purchased a home? It's imperative to make sure you're establishing credit in your name, and actually paying and making payments on time. Having your own credit history is key.
Evaluate joint finances.
Find out what's in your name, and what's in your spouses. Do you share a bank account? Debit card? Credit card? Car loan? Mortgage? Stocks? The list could go on and on, and get complicated. Start early and evaluate as soon as you can. You don't want to be scrambling last minute.
Gather proof of income.
Get you pay stubs, paychecks, and any other income you have gathered and ready to show. Someone at some point will ask for it, you might as well get ready. Requesting these things from employers could take time, get ahead of the game and get that process going before youre asked for it!
Again, there's no real way to predict how much a divorce will cost you, BUT the key is to be prepared and ready for anything. Be as transparent as possible, and work with a skilled divorce attorney that will have your back the entire way.
Stick with us this week, as we continue to talk all about divorce and separation.
*The information on this blog is opinion only and is not actual legal advice.
Visit our website: www.ashmorelawfirm.com