When San Diego couples find themselves broiled in a possible divorce situation, their future financial status seems daunting and frightening. In order to protect yourself if you are in this scenario, it is strongly advisable to protect any and all assets.
San Diego Divorce Tips
In order to do so, it is advisable to seek out a reputable, experienced family law attorney. Oftentimes, a friend or family member can suggest a reputable lawyer to assist you in the process. Once you have a San Diego divorce attorney in mind, it is imperative to schedule a personal one-on-one meeting to get the ball rolling. During this time, you can get a feel for the lawyer, ask relevant questions,and determine if he/she is best suited to protect your financial resources.
Other steps you should immediately consider are setting up separate accounts as well as shutting down any credit cards if they are not needed to purchase the necessities of life. You could be liable for one-half of the costif your partner goes on a wild shopping spree thinking he or she will not have to pay the bill.
Also, it is crucial that you are completely aware of all your assets as well as outstanding debt. It is important to take the time to review retirement accounts, pensions, and deferred compensation plans. It would be quite the rude awakening if your partner throws you a curve ball at your settlement.
San Diego Divorce Tips to Protect Your Assets
Another important matter is in regards to your will and trust if you have an estate plan. As quickly as possible, revoke your trust, re title your properties into tenants-in-common, and change your will to show your new situation. I am sure you would not want your ex-spouse to inherit any of your possessions once you are gone.
Remember, it is a process that must be gone through. Bank accounts can and should be divided right away. Also, do not forget that both parties are liable for credit card debt if they signed for the card. If you were on the card and your ex-spouse refuses to pay, the company will come to you demanding payment.