Getting a divorce is a complicated process. Although hundreds of thousands of people get a divorce every year, many people do not know what they need to do to protect themselves throughout their divorce. Asset division is one of the areas of divorce where you can be most vulnerable, but there are ways you can protect yourself during the process. Here are a few ways you can defend yourself during the asset division of your divorce:
Separate your joint accounts
Whether you are planning to file for divorce or you are already in the thick of things, do not let your spouse have access to your share of assets. If you have shared savings or checking accounts, take your half of the account and place it in a separate account with only your name on it. Also, be sure that no new income is going into any joint accounts as well.
Do not make any major purchases
Even though you have separated your income, that does not mean you should spend it on a new car or house. Any assets you acquire during the marriage (even during the divorce portion) may still qualify as a marital asset and become subject to asset division as a consequence. Major purchases can also count against you by saddling you with a large alimony payment, as your spouse may claim you are able to make sizable purchases on your own.
Change your passwords
Even if you do not suspect that your spouse knows any of your passwords, change all of them, including your bank account passwords, social media passwords, email passwords, and anything else that can contain personal or otherwise important information. Giving your spouse access to this kind of information can cost you dearly if they decide to take advantage of it.
Contact an attorney
The best way to protect your best interests through all areas of divorce is by hiring a skilled divorce attorney. Their representation can help you secure the best possible outcome in your divorce and settle things swiftly and efficiently.
