Three things you can do to protect your money during a divorce

Nov 4 2016 - Posted by , in High Asset Divorce, Tagged in high asset divorce

When a Houston couple is considering a divorce, it is an especially emotional and stressful time. There is so much that needs to be done but it can be hard to even think straight. One of the most important things that happens during a divorce is regarding finances. There are a few things a person can do to protect their money during a divorce.

There will be life after a divorce, so taking a few steps to protect your money during a divorce is important. First, it is important that a person’s credit score is not affected by the divorce. A person’s credit needs to be good so that they can open a credit card in their own name, get housing and help with other things after the divorce is finalized. Second, a person should open a bank account in their own name and start adding to it immediately. Third, consult with a financial planner and attorney to make sure the financial decisions that are being made will protect a person’s future. There are many different financial decisions that can have a lasting impact on a person’s future, including retirement accounts, tuition, debts, etc.

No one ever expects their marriage will end in divorce, but unfortunately this happens to many Houston couples each year. Finances can take a big hit during a divorce, so careful planning is very important. A legal professional who is skilled in family law can ensure their client’s needs are met both during the divorce and for the years to follow.

A divorce is one of the most traumatic times of a person’s life. Making sure finances are protected and that a person emerges from a divorce with both feet on the ground is important.

Source:, “3 steps to protect your money before a divorce,” Kate Santichen, Oct. 28, 2016

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