When a marriage has broken down to a point beyond repair, the healthiest thing to do is get a divorce. However, that doesn’t mean you can jump into this process without preparation. Your day to day financial situation will likely change vastly once the final papers are signed. Fortunately, our team at Simonetti & Associates is here to help. By working with our Long Island divorce lawyer, you’ll receive the necessary financial planning advice needed to move forward with your life.
Crunch The Numbers
Once the decision to get a divorce is made, the first thing you should do is start to crunch the numbers for all of your current expenses. Doing so will allow you to have a firm understanding of where your money will be going in the immediate future. Expenses to consider include:
- Attorney fees.
- Cost of potential relocation.
- Alimony or child support.
- Basic living expenses.
Don’t Be Too Proud To Collect Alimony
When it comes to divorces, many people automatically assume that the husband is the one who pays alimony. However, our Long Island divorce lawyer warns you shouldn’t be too proud to accept these payments if the court rules in your favor. Receiving alimony checks can help save you from debt and keep you afloat financially. Although it may not be what you envisioned, we stress that you shouldn’t pass on this opportunity.
Other Financial Tips To Consider
At Simonetti & Associates, we want our clients to know that our team is always on their side. From start to finish, our Long Island divorce lawyer will guide you through the divorce process. To ensure you’re as well off as possible, we’d like to offer additional financial tips in conjunction with what is previously listed. Other pieces of advice to consider include:
- Create a post-divorce life budget.
- Try to divide things equally when possible.
- Never make impulsive financial decisions.
- Consider hiring a financial advisor.
Contact Our Long Island Divorce Lawyer
Going through a divorce does not need to be a financial death knell. At Simonetti & Associates, we’ll work to keep you protected. If you’d like to receive more financial advice leading up to your divorce, please don’t hesitate to contact our Long Island divorce lawyer today!