It's a fact that in these times there is a gender bias against men during divorce proceedings.
That means men need to be extra careful, and extra prepared before and during a divorce.
Here are 3 simple tips to follow so you can be confident during your divorce that you'll come out with your finances and mental health in tact.
Tip #1) Gather Your Financial Information- You'll want to gather a detailed list of your assetts and debts immediately, especially those that were acquired during the marriage.
Cars, house loans, private loans, stocks, etc...
this is all included.
If you don't have a firm grasp of what you have to lose, then you can find yourself losing these things all the more easily.
Tip #2) Separate Your Finances and Build Your Own Credit- Joint accounts need to be frozen, or made so that no transactions can be made without both consent of you and your ex.
You don't want to walk into the divorce proceedings to find out that she spent everything.
Joint credit card accounts should be cancelled.
You may want to consider creating your own accounts so you can start building your own credit.
Tip #3) Learn and Prepare On Your Own Before Hand- You want a good lawyer who is going to fight for you and be on your side, however, no one is going to be as interested in your well-being as you.
Therefore, make sure you learn all you can about the process and what you need to do to prepare for the divorce.
It's a good idea to do this before you talk to a lawyer, because lawyers pay by the hour! This can get expensive quickly and have you kicking yourself for not being more proactive before the process starts.
What's the best tip? Be absolutely prepared for everything!