Finances matter when you opt to file for a divorce

Going through a divorce is hard, but when you are leaving a person who is angry, it can also be very dangerous. If you are planning on filing for divorce from an angry spouse, you should make sure that you are well prepared for what might come in the future.

Before you file for the divorce, you need to make sure you know about the finances. This can be difficult if you aren’t the one who usually handles the financial aspects of the marriage, but you will need to know what accounts are open, their balances and a host of other information about the finances. All of these factors come into the picture during the property division process.

When you are trying to determine the finances, it is crucial that you get the full picture. Missing and hidden accounts can make a big difference. If you think either of those will be an issue, make sure that you let your attorney know because it might be necessary to consult with a forensic accountant.

As you go through accounts, you should make sure that you don’t give in to the temptation to drain them. Doing so could lead to issues as you go through the divorce process.

On top of the finances, you should also make a plan about where you are going to live and how you are going to handle the battles that are bound to creep up. Planning those steps now can help you to keep your cool down the road when you actually have to deal with it.

Source: FindLaw, “Managing Divorce From an Angry Spouse,” Ephrat Livni, Esq., accessed July 27, 2016