Ways to Ensure Financial Health Before Divorce Proceedings

Courts tend to rule in the favor of women in divorce, it’s just a fact. So men need to be extra careful before the proceedings in order to make sure they don’t lose their shirt in the process. Here are a few tips for men to keep in mind financially speaking.

1) Separate Finances From Your Ex Immediately – This is a vital tip that many men won’t do fast enough. Their are a LOT of emotions that are involved with both people during a divorce. Heated arguments are had, statements are made to each other that can’t be taken back. Many times the wife will get back at the husband by spending everything on the credit cards, spending the savings, etc… Only you can know if your ex is capable of this type of behavior, but you also never know. Separate your credit immediately.

2) Establish Your Own Credit Immediately – It’s important to establish your own credit as soon as possible so you can start your new life on a solid financial ground. Has your finances been joint up to this point? Start establishing credit and get your own separate bank accounts as soon as possible.

3) Learn All You Can Before Talking To A Lawyer – This is vital, as we all know lawyers are expensive. Every bone-headed question you ask will be met with a smile because he knows he’s charging you by the hour to answer them. It’s a good idea to learn exactly what to expect, what the proceedings are, and how to plan effectively for each step. You will save a lot of money when you deal with your lawyer.