Pasadena & Beverly Hills Divorce Attorney

The Graves Law Firm
Call Today! 626.513.8227
  • Home
  • Firm Overview
  • Demetria Graves
  • Family Law
  • Testimonials
  • Firm News
  • Video Blog
  • Podcast
  • Contact Us
  • Call Today
  • Email Us
  • Our Map
  • Menu
Video Blog 2012 May Be Prepared
Previous Post  |  Next Post

Be Prepared

Posted By Demetria Graves || 7-May-2012

The financial fallout from divorce doesn't have to be disastrous

One of the few things The Boy Scouts and divorce have in common is the phrase "Be Prepared." For the Scouts, their motto is a call for enlightenment in their young members. For soon to be ex-spouses, it's a call to take a realistic look of what to expect in their soon-to-be emotional detachment. One of the most obvious places to take this kind of inventory is the financial situation your marriage is in. Here are a few tips to help you do that.

What do you want? Take a look at what assets you'll be dividing and how it will affect your life. Of course, I always suggest trying to talk things out in relation to this before getting to the negotiating table, and sometimes the answer to "Who gets the house" can be only answered by a mediator. But if you decide they can have the car, it's one less thing to haggle over. That will make the experience go a lot smoother and less contentious.

Don't forget the details. Did you forget that you had a random 401K floating around from a job you left eight years ago and didn't roll over? Or did you try to hide that. These are the things that you need to assess when you're bringing the assets to the table. In terms of debts, it's a good idea to run a credit check for both parties to see what debts are outstanding, especially if you hadn't in a while. There's no need to blow up at during negotiations when you find out that Best Buy card you thought your spouse was paying off wasn't.

Be realistic about life. You are about to embark on a new life journey, so be prepared for that. Make sure you are able to sustain your lifestyle with your newly single life… and single income. Track your expenditures and find out if you need to cut expenditures, or get additional income. Don't let your past become your enemy for the foreseeable future.

Categories: Divorce

Share Post

Family Law

How Can We Help You?

  • Divorce
  • Divorce FAQ
  • Child Custody
  • Visitation
  • Property Division
  • Spousal Support/Alimony
  • Child Support
  • Bankruptcy & Divorce
  • Paternity
  • Legal Separations
  • Mediation
  • Relocation
  • The Family Law Attorney Vault

The Graves Law Firm

We Can Help You Make a Fresh Start

I would like to receive It Doesn't Have To Be Ugly e-book for free!

Send My Information
  • Home
  • Site Map
  • Privacy Policy
  • Contact Us
The Graves Law Firm

Call Today (626) 513-8227

The Graves Law Firm - Pasadena & Beverly Hills Family Law Attorney
1055 E. Colorado Blvd., Suite 500a, Pasadena, CA 91106 View Map
Main (626) 513-8227
Local (855) 653-3517
Beverly Hills Office: 9595 Wilshire Blvd, Suite 900
Beverly Hills, CA 90212
Phone: (310) 300-4023
Website: http://www.losangeles-divorcelaw.com/
© 2023 All Rights Reserved.
Internet Marketing Experts The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.