What financial steps can I take prior to divorce to simplify my situation later?

Begin by opening accounts under your own name to begin setting the foundations to your post-divorce life and making finances easier during the proceedings.

By Rock A. Tate
July 09, 2012
FL FAQs/Divorce Process

You may want to:

  • Open accounts in your own name including your own credit card, checking and savings accounts. Also, have your paycheck deposited directly into your checking account.

  • Contact creditors to explain your situation and, if appropriate, to ask to stop any future charges by your spouse.


  • Check your credit report by using an Internet site like Annualcreditreport.com, a federal government site that is free.

  • Open an interim account to manage interim family expenses during the period between separation and divorce.

 


Rock A. Tate is a Financial Advisor, CERTIFIED FINANCIAL PLANNERâ„¢ at The Tate Group at Morgan Stanley Smith Barney.

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July 09, 2012
Categories:  FAQs

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