Financial independence important before New York divorce

Posted By Michael R. Varble & Associates, P.C. || 18-Jan-2012

Couples often take on routine responsibilities when they are married. It might be somewhat out of convenience, one spouse prefers one chore over another or maybe it is just that one spouse is just really good at bouncing checks and the other is more financially responsible.

Whatever the case may be, it is important that when you seek a divorce you take your own finances by the rein. Sometimes people seeking a divorce in New York do so without looking at how their financial life will be after the divorce. This doesn't mean someone shouldn't get divorced, it just means they should prepare for it.

Gaining control of your own finances is important. At least understanding how to manage your finances, balance a checkbook and understanding some basics about how your retirement funds work might be a good place to start. It would also be smart to make an inventory of your financial assets before you file for a divorce, so they don't disappear into one of your spouse's separate accounts once you tell them about the divorce.

If you aren't good at ironing, or cleaning the bathroom, you can learn those things after the split. Financial independence or the ability to at least act financially independent is one of the most important things to consider when contemplating a divorce.

A divorce attorney should be able to advise you on when the best time to file for divorce is, and prepare you for things you may not have thought of. Many divorce attorneys see many different types of cases and can help you with your unique situation.

Source: Huffington Post, "How Many Divorcees Does It Take To Change A Lightbulb?," Mara Shapshay, Jan. 17, 2012

Categories: Divorce

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