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Can you keep your money safe during divorce?

If you have recently filed for divorce from your spouse in Florida, you are probably dealing with a lot of inner conflict. While you are satisfied that you will have your freedom back and are no longer required to deal with ongoing conflict, you are now faced with many difficult and important decisions related to your future and that of your children. During this time of inconsistency and unexpected roadblocks, it is critical that you take the right steps to protect your future. 

One of the most important things for you to do is to keep your money safe. It can be easy to overspend, make irrational financial decisions or neglect to make budget adjustments based on your new circumstances. In addition, if you are not careful, your spouse may take advantage and get a hold of more financial assets than is fair. According to U.S. News, some of the things you can do to make sure your money is secure include the following:

  • If you have retirement benefits that you share with your ex, see what can be done about splitting them equally to guarantee that you get enough to help you rebuild your retirement future. 
  • Reassess your budget and make sure that you live within your means. 
  • Modify the beneficiaries you have named on your financial assets.
  • Protect your retirement funds and continue to plan for the future despite the chaos of your current situation. 

The information in this article is intended for educational purposes only and should not be taken as legal advice.  

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