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Handling Joint Accounts and Finances in a Divorce

A Boca Raton family divorce attorney is frequently asked questions about how to handle finances and assets during a divorce.

Your Boca Raton Family Divorce Attorney Will Advise You on What Financial Steps to Take in Your DivorceBoca Raton family divorce attorney

It is imperative to keep track of liquid funds. Opening a checking account separate from the one you used during the marriage is key. A Boca Raton family divorce lawyer will tell you that the amount doesn’t have to be large.

Put some cash aside where it will be safe in the event that there is an issue with credit cards and bank accounts.

Try to agree to terms with the spouse on how to separate the joint accounts. Often, the best strategy is to split the money and open separate accounts.

If there are joint credit cards, close them and get one of your own.

A Boca Raton Family Divorce Lawyer Will Tell You How to Handle Savings

When it comes to savings, freezing any joint investment account is a wise decision. This will stop any attempt to withdraw cash or take loans out. If there is a retirement plan, a statement of its status will assist in knowing how the plan works.

Speak to a Boca Raton Family Divorce Attorney

If you have questions about how to handle your finances in a divorce, a Boca Raton family divorce attorney can help. Call Addicott & Addicott, P.A. at 954-454-2605 to discuss your case today.

 

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