Fried and Fried, P.A. | Lee County Family Law & Divorce Attorneys

Consult With An Attorney

Toll free: 888-831-2597 | Local: 239-243-9287
A Tradition Of Excellence. A Forward-Thinking Family Law Practice.

How do I maintain my finances after a divorce?

On Behalf of | Jul 24, 2018 | High Asset Divorce |

One of the biggest issues many people have after a divorce in Florida is getting back to a secure financial state. Divorce can bring about many financial issues due to splitting assets and having to pay costs associated with the process. It can be very difficult for many families. Even if you were financially well off before the divorce, you could still face issues.

This is especially true if your spouse was the main wage earner. In a high asset divorce, it is likely the court will ensure you are taken care of financially, but that does not mean you will live the exact same lifestyle. According to Forbes, you need to more careful about your finances. Take the advice professionals give you. Make sure you are protecting the assets you are given in the divorce. Learn to budget your money and create a new lifestyle that fits within that budget.

It can help if, during the divorce, you start to separate your finances. You should stop using joint accounts and set up your own. Make sure that you track what you are spending. This can make it easier once you are on your own to know where to cut down expenses and to get an idea of your spending habits.

It can be very tough to have a sudden change in your financial situation. When you were married, you may have never had to even think about finances, but now that you are single, you are the responsible party. You cannot ignore this change if you want to maintain your finances and avoid serious issues after your divorce. This information is for education and is not legal advice.

FindLaw Network