Being financially proactive is critical before divorce

The process of getting divorced is no doubt challenging both emotionally. However, it can be just as difficult to cope with financially. Fortunately, individuals who are preparing to get divorced can take a few proactive steps to protect themselves financially both during and following the divorce process in Massachusetts.

First, it is critical for those who are headed for divorce to familiarize themselves with all of their financial assets. This is especially important for women, as many women leave their financial matters to the husband and thus are in the dark about it during divorce. They can simply pay attention to their bank statements, view previous tax returns and document account numbers to take stock of and track where they are financially.

Second, people’s natural inclination when they are headed for divorce is to reduce their spending. However, for those who are hoping to be awarded alimony to maintain their lifestyles, changing their spending habits may not necessarily be the wisest move. This is because divorce courts in these situations might create budgets that reflect the budgets followed right before the divorce proceedings were initiated. For this reason, continuing to live their normal lifestyles leading up to the divorce proceedings is generally a beneficial thing.

Although the financial aspect of divorce can be complicated, an attorney can provide a divorcing spouse with the guidance needed to make informed decisions. The attorney’s goal during a divorce proceeding in Massachusetts is to make sure that the client’s rights are protected each step of the way. The attorney also aims to ensure that the divorcing spouse’s best interests are upheld during all aspects of this type of family law proceeding.