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Getting Divorced? Financial Advice for Women to Help Prepare

Deciding to get divorced is never an easy decision. While the process can proceed a bit more smoothly when you have a good Georgia divorce lawyer on your side, there are still a number of factors to consider. One of the main ones that women struggle with during and after the divorce is finances. After all, women are more likely to be the ones who set aside their careers to raise the children, leaving their husbands with the majority of the financial power.

So, how can you ensure that you land on your feet, financially, after your divorce? At Buckhead Family Law, we are here to help with some strategic tips to keep in mind as you navigate the chaotic waters of divorce.

Determine How Much Your Household Spends

Often, women choose to let their spouses pay the bills and take the proverbial financial reins. While this takes care of one chore that you don’t have to worry about, it can lead to being kept in the dark regarding things like spending. How much does your household spend every month? You need to know the answer to that question, so look into all of the bills, including utilities, mortgage, groceries, kid’s expenses, healthcare, and more so you have an idea of your overall monthly household expenditures.

Photo by Tima Miroshnichenko

Look into Your Debt

Since the husband typically holds the financial power, you may not know how much debt you are carrying as a couple. Prior to filing for divorce, make sure to gather information about your mortgage, any other loans taken against your marital property, car loans, credit cards, and more. You may be surprised at how high that number is.

Find Valuation, Bank Record, and Investment Account Information

Do you know how much your home is worth? Do you have access to your joint financial records, including any investment accounts that may be only in your name or only in his? It’s time to get ahold of those records. Look up how much your home is worth using a site like Zillow, and do Kelley Blue Book research on your vehicles. You need to know exactly how much you and your spouse are worth before you go to court. Remember that knowledge is power.

Photo by Andrea Piacquadio

Hire an Expert

If you’ve having a tough time finding the information that you need, it’s time to turn to your Georgia divorce lawyer. They can get you in touch with a financial expert who can dig into your joint finances, as well as uncover any hidden assets, like bank accounts, that your spouse may have kept a secret. In order to have a full idea of the financial picture, which will help you in court, this assistance may be needed.

Need a Top-Rated Divorce Lawyer in Georgia to Help Split Your Finances Fairly?

Want to know how to end up feeling financially settled post-divorce? Many women find themselves unable to support their families and maintain the lifestyle that they had pre-divorce. In order to prevent this, you need to have the upper hand when it comes to finances. You need a Georgia divorce lawyer that can help.

At Buckhead Family Law, our legal team works diligently to meet the needs of clients getting divorced in today’s tech driven world – this means taking everything online into consideration. One thing that hasn’t changed about divorce? It is still one of the most harrowing experiences someone can go through, and we understand that. That is why we always treat our clients with grace and compassion.

Need help? We are here to assist you as you begin the next chapter of your life while ensuring that all of the loose ends are tied up in the least complicated way. Schedule a consultation today by calling 404-600-1403.

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