The financial aspect of your divorce is perhaps one of the most important and requires advance planning when possible. Here’s how you can benefit and what an experienced Brooklyn divorce lawyer can do for you.

You’ll Gain a Better Understanding Of Your Finances

When you start preparing financial documents for your divorce, you start learning a lot about where your money goes and what it will take to have financial independence after the divorce. You may also find evidence that strengthens your case.

You’ll Know How Much Money You Need In the Future

By going through your finances in advance, you’ll get a better idea of how much money you will need to live on your own. Go through your financial documents with a fine-tooth comb to find expenses you may be able to eliminate to save money and to gain an understanding of what costs are essentially unmovable. Use this information to come up with a figure of how much money you’ll need to make each week or month to live away from your spouse.

You’ll Be Motivated to Get a Higher Quality Job

It’s easy to get comfortable in a job you’ve been working at for awhile or that you have a lot of security in. But reviewing your finances in the context of divorcing your spouse can make it painfully obvious that you need a better job or even a second job to make ends meet if you’re living independently. Financial preparation in advance gives you extra time to change jobs, start a new job, or build a side hustle before the divorce.

You’ll Have Some Cash Reserves When the Divorce Finally Happens

By trimming costs and cutting back expense obligations, you should have some cash reserves available that you can use when it comes time to actually move out of the marital home and start living independently. Make sure your spouse’s name isn’t on any of these accounts and that they will not be able to access any funds in your accounts.

You’ll Have the Money To Afford Your New York Divorce Lawyer 

Don’t wait to get legal help if you’re thinking about getting a divorce. Brooklyn family and divorce lawyer Mary Katherine Brown has the expertise and skills needed to provide you with aggressive and zealous divorce representation. Call now for a consultation by dialing (718) 878-6886.