Things may not have been good in the marriage for the last several weeks, months or even years. The two of you may have talked about getting a divorce or a legal separation and one of you may have even threatened to leave the marriage. However, in the back of your mind, you never really thought that would occur. Or would it? Protecting your financial future may not be something you ever had to consider. But now that it is possible your spouse may indeed be serious about going forward, financial worries are natural. You also may be concerned that while your spouse has had time to think about the divorce, there may be actions you need to take now to ensure that if there is a divorce or legal separation, you are protected. Here are five steps you can take to ensure that, regardless of whether a divorce or legal separation is imminent, your financial future is protected. 1. Educate yourself about the finances. The first step to understanding how to protect your share of the financial assets if a petition for dissolution of marriage is filed is to understand the marital financial situation. Locate and make a list of all bank accounts (with account numbers), including all investment and retirement accounts. If there are life insurance policies, make copies of all policies. Identify all credit cards and...Read More
Author: Marlene Pontrelli
The DW Family Law Blog Blog is published by Dickinson Wright PLLC to inform the public of important developments within the firm and practice areas. The content is informational only and does not constitute legal or professional advice. We encourage you to consult a Dickinson Wright attorney if you have specific questions or concerns relating to any of the topics covered in this blog.