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Protecting Yourself Financially During a Divorce

Protecting Yourself Financially During a Divorce

Divorce brings many financial concerns, particularly if you expect the divorce to be contentious or hostile. The best way to protect your finances is to consult a divorce attorney in Cumming as soon as you've made the decision to get divorced. Let your divorce attorney know about all accounts that you share with your spouse, such as bank accounts and credit cards. Your divorce attorney may recommend that you either closely monitor these accounts or close them. If closing the accounts is not possible, you could ask the creditors to freeze those accounts so that your spouse cannot run up debt in your name while the divorce is pending.

For more helpful financial advice, watch this video or consult your lawyers. This video explains the importance of protecting your identity after being served with divorce papers or filing for divorce. For example, you should make sure that your spouse's name is not on your accounts. Divorce is also a good time to focus on rebuilding your credit history and paying off debt. But in taking steps to protect yourself, you must also be aware of not violating any Court orders regarding financial transactions. Rushing headlong into action may result with you being found in contempt of Court and facing fines or other court sanctions. To learn more about how to protect yourself and your assets, please contact our office today.

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