Jennifer Leong
In this conversation our finance expert guides you through the critical steps for managing your money during divorce proceedings. You’ll learn how to take stock of your overall fin...
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What is the first thing to do when navigating finances during divorce?
The first thing you'll want to do is find a divorce attorney. Even though divorce doesn't always end in litigation, it's important to get legal guidance in order to fully understand the process and also know your rights.
How can revisiting your budget help during divorce preparation?
Knowing this information can help you start to better understand your income and your expenses today, and it can also help give you a more accurate expectation when you're going through your settlement in terms of either knowing how much to ask for or how much you might potentially have to give.
What are some legal agreements to take into consideration?
Lastly, were there any pre or postnuptial that need to be taken into consideration? If so, review the terms and consult with your lawyer about how they could affect the ownership of your assets and liabilities.