PLEASE NOTE: We are still open and operational! To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us in person, via telephone or through video conferencing. Please call our office to discuss your options. click here for Covid 19 updates
Laura Dale & Associates, P.C.
713-574-7952

Can you maintain control over your finances during a divorce?

As soon as you recognize that your marriage is headed down the path of a divorce in Texas, it is imperative that you begin immediately to make strategic and wise financial decisions. Procrastinating the process of analyzing your finances and making needed changes can contribute to years of ongoing financial insecurity related to your divorce. 

One important tip to remember is that moving money around from shared accounts is largely prohibited during your divorce until things are finalized. Withdrawing large amounts of money from joint accounts, locking up other finances or selling off assets could put you into legal trouble. The areas where you should be focusing your organization and strategic efforts should be in the actions you take to become independent again. For example, set up a personal bank account under your name. Create a budget that will help you to visualize what you need to be doing to live within your means. If you were the spouse that spent most of your time in the home, begin looking for employment and seeking job options that provide benefits. 

According to The Week, even when divorce gets tough and you may be tempted to spend your money on things that appear to be necessities, refrain from making impulsive financial decisions. Not only can this prolong the financial stress you may already be experiencing, but it can set the foundation for more bad habits to be created in terms of how you choose to spend your money. Once you have accounted for your needs, focus all of your energy and efforts on saving and planning for your future. 

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

No Comments

Leave a comment
Comment Information
  • TAOFLS
  • Board Certified
  • IAFL
  • Super Lawyers 2019
  • Best Lawyers
  • Avvo Rating
  • Avvo Rating
  • Avvo Client Choice 2014
  • Avvo Client Choice 2014
  • Best Law Firms Badge
  • Laura Dale
  • Texas Bar Today Top Ten Badge

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.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Laura Dale & Associates, P.C.
email us for a response

OFFICE LOCATION
1800 Saint James Place
Suite 620
Houston, TX 77056

Phone: 713-574-7952
Fax: 713-600-1718
Houston Law Office Map

Review Us