Tips to Financially Prepare for Your Florida Divorce

Tips to Financially Prepare for Your Florida DivorceWhen you file for divorce in Florida, you should prepare for your entire life to change. One of the changes that will have the biggest impact on your life is the financial shift you will have to make.

Remember, the entire divorce process revolves around money. Because of this, you must be prepared to take time to discuss your finances and be ready for attorneys and the judge to learn everything about your financial situation.

One of the best ways to ensure an efficient and successful divorce is to spend time getting financially ready before you file for a divorce. If you try to go into this process blind, it won’t end well. Keep reading for some tips to help you financially prepare for your Florida divorce.

Keep in mind that having an attorney is one of the best ways to prepare. At Griffin Family Law, we can help you get ready for the divorce process and ensure you are ready for the outcome of the situation.

Get Things Organized

To ensure your financial life is shaped effectively, you must understand your current financial life. This means getting all your financial records together and understanding your overall financial situation. You need to know how much money you have coming in and what you have going out. It’s imperative to keep track of these things, and it is something that will help you during your divorce and after.

Know Your Partner’s Financial Situation

It’s not a good idea to go into a divorce and not know anything about your spouse’s financial situation. If you are going to request that they pay alimony, you should have a clear understanding of what they earn and what they spend.

If a confrontation occurs in the courtroom, you want to make sure you aren’t completely clueless. In a Florida marriage, you are the legal owner of half of the assets that your spouse brings in. Be sure that you know about their financial situation so that you are prepared for any issues or questions that may come up.

Collect Necessary Documents

You should go back about two years and collect and organize all financial documents related to your life and marriage. You shouldn’t just focus on pay stubs. It’s also important to collect all proof of income that was brought in, tax returns, credit card statements, financial statements, and other financial documents that may be beneficial for your divorce proceedings. There’s no need to bring in the original copy of these documents – in fact, usually, digital copies are sufficient for modern divorce cases.

Calculate All Your Expenses

If you plan to request alimony, you should calculate your expenses for day-to-day life. You need to make sure all the expenses cover your life as it is right now, not the minimum that you could live on. Along with utilities and rent, you need to add in costs for eating out, getting gas, hair appointments, and anything you do regularly now. After you have calculated your expenses, you can work with your lawyer to determine if your spouse will be able to afford them.

Why You Need a Family Law Attorney to Help with Your Florida Divorce

Filing for divorce can be a stressful process. You may face a lot of challenges throughout the process. While this is true, having an attorney will help you handle these situations and avoid some of the issues that commonly occur.

When you hire a family law attorney, you can feel confident that they will help you prepare for the process and get everything in order that is needed for a successful case.

The family law attorney you hire will evaluate your situation, needs, and more to help you get ready to go to court and make your case. If you plan to request alimony, making sure that you are organized a must. Also, getting your financial situation organized now is going to help you avoid issues after the divorce and be prepared for the changes that you will face.

Griffin Family Law is Ready to Help

While some people want to try and handle their divorce alone to save money, having a family law attorney on your side can be invaluable. They will help you with each step of the divorce process and ensure you understand your rights. While your finances may change dramatically, if you are prepared, you can avoid any serious issues or “shock” that may come after your divorce is final.

If you have questions or if you are in the divorce process, contact Griffin Family Law to discuss your options. We will help you through the process and protect your interests and financial situation.

We Can Help

SCHEDULE A FREE CONSULTATION – Call (904) 372-9708 or fill out the form to schedule your free initial consultation to learn more about how we can help and to discuss your options with an experienced lawyer.