The financial fallout from a divorce can be long-reaching and significant. A California spouse navigating the property division process would be wise to consider how his or her choices will affect long-term security, seeking terms that will make sense in the months and years after the divorce is final. A strong financial future begins during the divorce process in the pursuit of fair and reasonable financial settlement terms.
With the right decisions, it is possible to face a post-divorce financial future with confidence. During the divorce process and immediately after it is final, the following may be helpful:
- Identify the specific financial goals one has for the future immediately after the divorce, as well as in the months and years ahead.
- Carefully assess current financial circumstances, including debts, income and more.
- Put strategies and plans in place that will allow one to seek his or her financial goals.
- Take precautions and put critical protections in place for the future.
A California spouse will benefit from having knowledgeable guidance at each step of the divorce process. This ensures decisions made are with one’s long-term interests in mind.
Financial security is possible
One may assume that financial security is impossible after a divorce, but this is not necessarily true. While there will be changes and adjustments, it is possible to secure terms that allow one to look to the future, including retirement, with confidence. It is helpful to work with an experienced family law attorney at every step of the divorce process, especially when negotiating a property division settlement.