Tips for Handling Finances While Divorcing in California

By |2024-01-13T05:45:52+00:0019 Apr 2014|Categories: Divorce, Property Division|

If a spouse suspects that divorce might be eminent, that person must gather bank statements and investment account numbers and tax returns, which will allow the spouse to fully understand the family’s finances. Additionally, a spouse should obtain credit reports to determine how much marital debt exists because debts are the subject of property division during divorce.

When it comes time to divide property and assets, it is important for spouses to know what they really want and what they can use to trade for property or asset they want. Property division can be settled amicably if both spouses are willing to hear each others’ thoughts and concerns.

If there are children involved, spouses should discuss how they will handle big expenses, including college, summer camp and braces. Failure to do so can lead to financial hardships especially if only one parent will shoulder all of those costly expenses.

To ensure that everything is in order, a spouse should make a checklist to determine which issues have been settled and which ones will be discussed in the next meeting.

Finally, a spouse should ensure that the person’s rights are protected throughout the process. By taking these steps people can protect their finances and get a head start on their new life.

Source: CNN, “Don’t let divorce wreck your finances,” Karen Cheney, April 4, 2014

About the Author:

Dorie Anne Rogers - The Law Offices of Dorie A. Rogers, APC
Dorie A. Rogers, a Family Law Specialist, Certified by the State Bar of California, has been an attorney since 1981 with an exclusive family law practice located in Orange County. She is accepting dissolution cases with support and property issues including the use of forensics to ascertain business value, community interests and to establish monthly case flow analysis. Ms. Rogers has substantial experience in high conflict custody litigation involving sophisticated psychological issues. She drafts premarital and postmarital agreement designed to define and establish parties' separate and community property interests. Paternity cases and domestic violence matters are considered part of her practice. Ms. Rogers is a court-approved and court-appointed to represent minor children.Ms. Rogers consults with individuals concerned about entering or exiting a relationship. She advises effective strategies for dissolution or premarital planning. Knowledge is power and good planning affords better results.Specialties: Family Law Specialist, Certified by the State Bar of California
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