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Ways to Protect Your Money During Your New Jersey Divorce

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Those going through a divorce may have concerns about how they can best protect their money and assets. Continue reading and reach out to our skilled Somerset County divorce attorney today to learn more.

Steps to protecting your money during your New Jersey divorce:

  • Learn how much money you have. Before you try and protect your money, it is critical to understand what you and your partner have. After all, you can’t protect what you do not know you have.
  • Don’t hide your money. Even though it may sound like irrational guidance, particularly if you have no trust in your former spouse, you will be better off in the long run if you are open about your assets.
  • Separate your bank accounts. If you do not have your own checking and savings account, you will want to do so as soon as possible. This is because if all of your money is in a joint account, you may be concerned that the other spouse will suddenly remove all of it. Unfortunately, this can happen and many courts have seen it.
  • Bring in a forensic accountant. Not everyone needs a team of high-level professionals working for them to get through a divorce. But, if you have a high net worth and believe your partner is hiding money from you, the service of a forensic accountant can be necessary.
  • Make sure the paperwork is filled out correctly. This is very essential to dodge bumps in the road. The best way to ensure that your paperwork is properly filled out is by hiring a skilled professional, like a divorce attorney.
  • Remember the “extras” in child support. If you are going to receive child support, make sure you add in the extracurricular activities such as camp and soccer gear. This is because the little purchases and big purchases add up, and you do not want to go back to court after the divorce is said and done to get compensated for these costs. By regarding this small factor, you can ensure you are protecting your expenses in the long run.
  • Hire a divorce attorney. If you have suspicions about being about to access your money or accounts in the midst of your divorce, you will want to have a skilled attorney on your side.

Contact our Firm

If you require experienced legal representation for a matter of Family Law, Supplemental Security Income, Medical Malpractice, Social Security Disability, or Legal Malpractice, Siragusa Law Firm is here to help. Contact our firm today to schedule a consultation so we can discuss your case.

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