There are many articles on the internet that offer divorce advice for men. Most of these posts contain simple everyday divorce tips. They mainly focus on measures that men can take to protect themselves when planning to dissolve a marriage.
Below are eight things men should take into account regarding there future finance situation:
Relocate important financial documents elsewhere such as to your attorney’s office or to friend’s house. You can anticipate that your future ex-wife will be going through your stuff looking for financial records as well as other evidence to use in her favor which could ruin your finances for years to come.
2. Bank Accounts:
Visit your bank, withdraw half of the funds available in your joint account, and then deposit your part into an account that is only in your name. Do not leave your kids without any money at all of course, especially when you are the breadwinner. Formulate plans to cover the bills. Inform your wife of your actions, but not prior to doing it.
Call your stockbroker and split any mutual funds, bonds or stocks in both your wife and your name. Although this is not tax-exempted, you have to consider future taxes if you want to be just. Consequently, ask your broker to ensure equalization of the tax basis as well.
4. Credit Cards:
Close all joint loan or credit card accounts and inform the charge credit companies, banks by way of a formal, return receipt letter that you are not liable for your wife’s expenses. This is also the best time to request the firm to reopen an account in your name.
Avoid dropping your spouse or children from your insurance policy until the conclusion of the divorce. This is the best advice on divorce for men you can ever obtain. You may also consider keeping your wife name on medical coverage policies even after the successful completion of your divorce. In case you are paying child support, the court can assess a huge unforeseen medical bill against the noncustodial parent as supplementary child support.
Make an inventory of all things in the home. Take videos or pictures and tag each one of them. Be certain to date your records. Include jewelry, clothing, furnishings, furniture, appliances and clothing. Subsequently, you will realize when something valuable goes missing since you will have documented proof.
7. Secure Deposit Box:
You can set up a secure deposit box to amass your valuables outside the house. You will need to remove all your things and store them in a different place in case you already have a secure deposit box and your wife has access to it. Make an inventory or take a video or picture of all possessions in the box for later evidence.
8. Get a Lawyer:
Look for the best mens divorce advice. Locate a good family attorney and arrange for an appointment with him right away. In the preliminary meeting, you will need to obtain some excellent divorce advice for men. You will also be in a position to gauge the lawyer to observe if he or she is a good fit for you.
Your lawyer will most likely advise you not to sign anything prior to him or her reviewing it. Your lawyer should also inform you about other issues you will need to think about in the course of filing for a divorce, such as divorce rights for men, executing a new will as well as changing any authorities providing to another lawyer or person.