How should I prepare financially for divorce?

Before you file for divorce, you need to figure out how you will support yourself and any children you may have, and how you will pay for the divorce. If your spouse is the primary breadwinner, then you will want to get an idea of how much support you will be able to receive and be prepared to file for support as soon as possible. If you are moving out of the marital residence, or if your spouse will move out, then you will need to make sure you have enough income to pay for your expenses. It is also important to try to set aside a financial reserve to pay for litigation costs and attorney’s fees, as well as unexpected expenses. To do so, you may need to take money out of a marital account. It is best to meet with a financial planner or divorce attorney early in the process to discuss how you can best meet your financial needs during and after the divorce process.

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Disclaimer: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation.

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