Financial
Considerations Before You Divorce
The
following financial considerations are important, as divorce and credit go hand
in hand. How you proceed now can affect you financial standing in the future.
It is vital to make sure that all payments for the mortgage, rent, utilities,
loans, and credit cards are made on time. Because delinquent accounts will affect
your credit severely in the future, call all accounts and request to be notified
of any missed payments. You may want to freeze or close joint credit accounts,
or better yet, ask the creditor to convert them to individual accounts in the
name of the person who will ultimately be responsible for the debt. Making account
changes before the divorce is finalized saves a lot of headaches.
Financial
Considerations on Assets
The biggest financial considerations center
on dividing the assets. Because not all assets are created the same, you need
solid information when deciding how to split everything. The consequences of not
understanding and finding out when it is too late can be financially and emotionally
devastating! To make sure that you get what you deserve, check out the Property
Division Handbook. This book explains in detail the property distribution aspects
of divorce and separation. It focuses on the rights each spouse has under certain
laws, situations, and circumstances, and how the division of the property will
be decided by the court or through negotiation.Financial
Considerations on Credit Standing
Another
very important financial consideration in your divorce is to find out what your
credit rating is. You should get a credit report now to determine if there are
any blemishes that will hinder your future ability to borrow money. If there are
mistakes on your credit file, or if a reported debt has been paid off, contact
the reporting agency to rectify the situation. One
service that I like is FreeCreditProfile.
They not only offer you a free credit report--you'll also receive a free credit
score and free debt analysis. All this online in seconds. From the name you trust.
If you have a
history of irregular payments on outstanding debts, you should contact the individual
companies to see if they will lower the payments. Once you have made regular payment
for six months, they should remove the blemish from your report. Financial
Considerations on Individual Credit
Once
you have determined your credit history, a wise financial consideration is to
establish credit in your own name. The Discover®
Card is a good card to consider, with competitive rates and low fees. When
applying for a card, keep in mind the varying interest rates, as a lower interest
rate equates to lower monthly payments. Also be aware of whether the interest
rate is variable or fixed. A teaser rate on a variable rate card may be enticing,
but can eat your lunch when the introductory rate is over, and the rate then soars
to over 20%. With this in mind, choose a card with a low fixed rate. Financial
Considerations on Bank Accounts
Another
financial consideration is to establish your own bank account. If your paycheck
is automatically deposited to a joint account, have it switched to an individual
account in your name only. You may also want to take your name off joint accounts,
since you can be held liable if your spouse over-draws on that account. If it
seems likely that your spouse will clean out all the accounts, take your half
and put it in your own account. If he is a signer on the children’s accounts,
you also need to have his name removed, or have the money transferred to a different
account. Financial
Considerations on Taxes
If
you are separated, as a financial consideration, you can file your taxes separately
as “head of household”. Detail who gets to claim the children as dependents
in your legal separation. Keep this deduction if at all possible; it can mean
money in your pocket with the earned income credit. If you are claiming the children
as your dependents, make sure that your husband doesn’t also try to claim
them. The last thing you need is an IRS audit Financial
Considerations on Insurance
Your
insurance coverage also needs to reflect your change in status. If both names
are on a policy, and your spouse has an uncovered liability, you can be held responsible.
The best financial consideration is to take your husbands name off the policy,
or get your own policy (and take your name off his). If you don't already have
an insurance provider, you can shop for the best insurance rates online at Netquote.com
©Tracy
Achen 2001
At WomansDivorce.com we have one focus - helping women survive
divorce and rebuild their lives. For
information covering what to include in your divorce papers and the other issues
that you need to consider, DIVORCE 101: A Woman's Guide To Divorce - click
here
Hasty Divorce Are
you headed for divorce? Discover how to Never have fights, Save your marriage
and Grow deeply in love. Have
you ever known a couple that seemed to be on cloud nine all the time? To strangers
they would appear to be newlyweds, but in reality they have been together for
years. You will
learn how to solve the problems of holidays and in-laws, depression and financial
woes. Are children (or stepchildren) causing a strain on your relationship --
we tell you how those in blissful relationships keep that from happening. You
will learn when you should be critical of your spouse and how to do it so he or
she is grateful. You will learn about the game relationships play that keep them
from getting angry or upset with each other. 
Click
Here
|
|
Ending
in Divorce
I'm
here to tell you that you CAN create the changes necessary to improve your marriage
-- with or without your husband's cooperation, . As I always tell my clients,
"If just one spouse in the marriage makes changes, those changes cannot help
but affect the other spouse." This
brings us to the challenge most wives face when trying to make changes in their
marriage. They usually think the changes that need to be made are in their husbands,
not themselves. The
Relationship Doctor
Divorce
Advice for CheatersGetting
divorced is a frustrating and expensive time. Besides trying to find a good lawyer
and then trying to get your lawyer to return calls, you also have to chase your
Ex to sign paperwork! It's HARD, Frustrating and expensive. Then you have to deal
with heartache AND difficulty concentrating. Do you know what I mean? Click
Here
Also included: Special
Bonus #1 - "Loneliness - Feeling cut out of life?" by Dr. Reena Sommer.
This handy eBook provide some hints and tips for dealing feelings of loneliness. Special
Bonus #2 - "When your partner is CHEATING on You!" also by Dr. Reena
Sommer. This useful eBook helps unlocks some of the KEYS to why some people cheat
and it's NOT what you think!
Stop
Your Divorce My
best advice is to get divorce advice from Experienced Counselors. Stop Marriage
Divorce's team of four marriage counselors and relationship experts have each
been in the industry for more than twenty years. We have saved more marriages
than any other team of relationship counselors. All marriage issues can be solved.
The
Mastery Guide in saving marriages and stopping divorces shows you the no-nonsense
strategies and techniques that can stop your divorce and rekindle the flames of
desire. You owe
it to yourself and your marriage to give it a try and save your relationship.
If you are truely serious about saving your marriage then you must put these techniques
into practice. You
will be amazed at just how much you can do to win back your partner. No tricks
just plain, honest to goodness ways to mend a marriage. You can do it, all you
need to do is take the first step!
Let us show you what works and what doesn't work - click
here.
NEW
- Divorce
Lawyer Directory
We
advise everyone to talk to a lawyer from the beginning. Don't assume you don't
need one even if you haven't been married long and don't think you have significant
assets or debts to divide. The more assets in the marriage to dispute, the greater
the need for professional advice. Divorce tends to become more adversarial as
it moves forward.
How
To Decide If You Should Divorce
Gives you a step-by-step formula to reach a well thought-out, careful decision
that's right for you, your values, your priorities, and your life. It's different
than anything else on divorce you've seen.
Brace
yourself for the shocking reactions you may get from friends & relatives,
and what to do BEFORE they happen
The 4 steps you MUST take immediately to
protect yourself, your children, and your pets
How to shake yourself out of
your fears and paralysis!
Uncover the singular most important question to
ask yourself about your marriage
Reveal the factors affecting your thoughts
& feelings about your marriage and a divorce, and learn why you may be struggling
with indecision - Click
Here
Divorce
Strategy for Men and Women - click here
is an insider's view on legal, financial, tax and personal is. A practical,
step-by-step Divorce Action Plan that helps you devise your divorce strategy before,
during and after the divorce. Easy to understand explanations of legal concepts
such as marital and separate property, community property, equitable distribution,
child support and spousal support. In depth discussions describing a host of proven
tactics you can use when you divide your assets and assign responsibility for
the payment of debts.
Start protecting your money right now.
Before
You Leave Before
You Leave, By Relationship Therapist Helen Dahlhauser, About Endings And Beginnings
And The Rich Relationships You Can Create Through A Unique Process Of Healing,
Growth And Self-discovery - click
here NEW
A1-on-line.com
Financial Center Reduce
your current financial burden. Our debt management program does not require clients
to own a home, and they will be approved regardless of their credit situation. Get
your Finances Under Control Today! Check out these low rate financing programs
- click here
|
