Laura Dale & Associates, P.C.
Se Habla Español Nous Parlons Français
Call 713-574-7952 or 888-572-6059
888-572-6059

How to financially prepare for divorce

If you count yourself among the many people across Texas who believe a divorce is imminent, you may find yourself consumed with emotions and a need to make some major decisions. Given how emotional the divorce process can be, you may find yourself struggling with everything it entails. However, taking several key steps now with regard to your finances can streamline the process and help you get back on your feet sooner. At Laura Dale & Associates, P.C., we understand how preparing financially for your divorce can help you in the long run, and we have helped many state residents get their finances in order and receive their fair share during divorce proceedings.

Per Nerdwallet, one of the most important steps you can take to financially prepare for your divorce involves gathering comprehensive documentation about your income and expenses, which might include pay stubs, tax returns, bank statements and so on. In addition to helping your attorney determine whether to pursue spousal support, child support and the like, recognizing what and where your expenditures are can help you create and keep a budget as you navigate the divorce process.

While taking the time to carefully track your income and expenses will likely benefit you in the long run, so, too, will recognizing what to avoid as you financially prepare for your life on your own. For example, exercise caution when making any major purchases or transactions during your split. Selling off pricy items ahead of divorce may make it appear as if you are trying to hide assets so you do not have to split them with your spouse, even if this is not your intention.

Similarly, avoid making any major changes to your will or life insurance policies if divorce proceedings have already begun. Doing so without the permission of the court can lead to serious legal trouble, so let it wait. Typically, these matters will work themselves out during divorce proceedings. More about divorce and property division is available on our web page.

No Comments

Leave a comment
Comment Information

Client Testimonials

  1. Laura Dale the best Family Law attorney I have ever met... Posted by John...Listens, takes your calls, tells you the truth (even when it may not be what you want to hear)... Read More

  2. The Best...Posted by a Child Custody client... Laura Dale handled my international child custody and divorce matter. I am an attorney in Houston and was referred to her... Read More

  3. A Meticulous, Knowledgeable, Attorney with Heart...Posted by a Child Custody client... Laura was not the first attorney that my husband and I interviewed for an extremely complex... Read More

  4. Top Notch, Hands Down - The Best...Posted by Tammi, a Child Custody client... Laura Dale has been absolutely the best attorney I could have found for my difficult child custody... Read More

Contact Our Experienced Team Today | Se habla español | Nous parlons français

Due to the experience our lawyers have in many specialized areas, you can rely on us to put together the right team to handle your case, even if it centers on complex issues such as international family law, business valuation or bankruptcy. Contact us today to make an appointment to discuss your needs with a knowledgeable lawyer.

Login to Client Portal

Laura Dale & Associates, P.C.
1800 Saint James Place
Suite 620
Houston, TX 77056

Toll Free: 888-572-6059
Phone: 713-574-7952
Fax: 713-600-1718
Houston Law Office Map