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Unknown Finances After Divorce

Posted by Crissy Del Percio | Dec 07, 2019 | 0 Comments

unknown finances after divorce

Drama-Free Divorce can assist with the challenges associated with 'unknown finances after divorce', providing expert guidance. Kansas City Area residents, particularly in Missouri and Kansas can take advantage of affordable financing solutions starting at $500 per month. We provide transparent pricing that eliminates unexpected costs. Our approach reduces court proceedings through minimal court appearances while our team of compassionate lawyers understands your struggles during this difficult period, providing professional help through the process.

Navigating through unknown financial issues after divorce may seem intimidating at first, but with proper preparation and guidance, it becomes much less daunting. In this article, we'll look at key considerations regarding finances in divorce, budgeting strategies, hidden cost tips as well as hiring an attorney for divorce.

 

What should I consider when filing for divorce regarding finances?

Divorce can have many ramifications on both parties' finances. Make sure to consider these issues so you are as prepared as possible:

  • Asset Division: Understand how assets should be divided and any legal implications they could entail.
  • Spousal Support: Determine whether and if necessary the amount and duration for spousal maintenance (alimony).
  • Child Support: It should be taken when making decisions concerning child support obligations and arrangements such as financial and custody agreements.
  • Debts: Make sure that any debts accumulated during the marriage will be divided fairly after divorce. This could have serious repercussions for financial security post-divorce.

 

How Can You Prepare Your Budget and Mindset Before Divorce?

Preparing both your budget and mindset to ease an easy transition can make all the difference in success. Here's what can help:

  • Develop an Effective Budget: Gather all your expenses, then identify areas where spending could be decreased without negatively affecting your health or wellness.
  • Establish an Emergency Fund: Setting aside money in an emergency fund will bring peace of mind during times of uncertainty and provide you with financial protection from unexpected events that might come your way.
  • Search For Emotional Support: Surround yourself with supportive people such as friends, family, or therapists to maintain an optimistic perspective and remain positive.

 

How can one avoid extra expenses after divorce?

Be mindful of any unexpected expenses after divorce to minimize any unpleasant financial surprises that may come your way. Here's how you can be proactive:

  • Review Legal Documents Carefully: To avoid unpleasant surprises, it's wise to carefully examine all legal documents, which provides a comprehensive view.
  • Understand Tax Implications: Before moving forward with any decisions related to asset division, maintenance payments, or other issues needing consideration, all related tax implications must be carefully assessed and taken into account.
  • Planning Your Health Insurance: If you are previously covered under your spouse's plan, consider finding alternative health coverage to protect yourself against unexpected medical costs.

 

Why hiring a divorce attorney is beneficial?

Hiring an attorney to guide you through the legal processes associated with divorce can be invaluable.

  • Legal Expertise: Attorneys have the legal expertise and skill set required to assist their clients navigate divorce laws smoothly and successfully.
  • Negotiation Skills: Hiring an attorney to assist in reaching an equitable resolution to any disputes may help find peace and resolve all matters more quickly and fairly.
  • Emotional Support: Attorneys can provide emotional support during difficult times.

 

When is it appropriate to seek legal advice?

The sooner, the better!

  • Engaging an attorney early will ensure you receive expert guidance and can avoid potential pitfalls.
  • An attorney can serve as a mediator to facilitate communication when negotiations become challenging.

 

How can I select an excellent attorney?

When selecting one, keep these criteria in mind:

  • Experience: When hiring an attorney to represent your family and divorce law case, look for someone with extensive prior experience.
  • Reputation: Review and testimonials provide vital insight into an attorney's reputation and success.
  • Compatibility: Compatibility is of utmost importance.

 

Why Choose Drama-Free Divorce?

Drama-Free Divorce meets all of the criteria required of an outstanding divorce attorney:

  • Our attorneys have the experience needed to handle various divorce cases successfully.
  • Testimonials from clients demonstrate how we strive to create positive outcomes for them.
  • With our professional yet compassionate approach, we're the ideal partners in these trying times.

 

Suggested Action Steps:

Consider taking these steps to empower yourself during the divorce process:

  • Consult Our Team: Arrange an initial consultation session with one of our highly skilled professionals and discuss all the details surrounding your situation with them.
  • Gather Financial Documentation: To facilitate an efficient legal process, collect all relevant financial documents before starting.
  • Build Your Support Network: For optimal emotional health and stability, establish an emotional support network of friends, family, or therapists who can offer emotional guidance and assistance.

With these steps and professional advice in hand, navigating financial challenges associated with divorce with confidence and resilience should be achievable. Remember you aren't on this journey alone - help is available from all corners. Contact us today at 816 615-5555 or send us an email on our Contact Page.

About the Author

Crissy Del Percio

Crissy Del Percio is a graduate of the University of Missouri-Kansas City School of Law. Additionally, she received her undergraduate degrees in Journalism (News and Information) and Communication Studies from the world-renowned home of the Jayhawks – the University of Kansas. She has been practicing law for a decade and spent the first part of her career specializing in helping low-income survivors of domestic violence. Now at Drama-Free Divorce, Crissy enjoys helping people consciously uncouple. She is also a Guardian Ad Litem and domestic mediator. Crissy has won a number of prestigious awards for her work in public service, but you likely recognize her from her acting career, where she is also an award-winner. In her free time, she enjoys spending time with her egregiously overpriced dog, Augustus Rodham and knitting. 

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