You've worked hard to get to where you are in life, and you don't want to lose it all in a divorce. Getting the help of an experienced divorce lawyer can go a long way toward protecting your financial interests during this stressful period. A skilled lawyer will know the laws surrounding different assets. More importantly, they will know how to use these laws while negotiating for your best interests. How do they do this?
1. Protect Your Fair Share in Property Division
When couples divorce, property division is a complex matter of figuring out what's fair. For example, if you've put in many long hours keeping your family together at home while your spouse was working, that may qualify as custodial work to help determine alimony and asset distribution. A divorce lawyer can ensure you get whatever you deserve without being guilt-tripped.
2. Protect Your Excluded Property
A divorce lawyer can help you protect the property you intend to keep. They can protect assets in the prenuptial agreement, like IRAs or real estate. But these assets before the marriage are protected in varying degrees depending on how well you can prove your spouse didn't contribute to their growth in value. You need a skilled lawyer to offer a solid shield.
3. Ensure a Fair Division of Joint Debt
Once you've decided on an equitable division of assets, it's important to focus on a fair and equitable debt division. It's crucial to understand that marital debt is no longer simply your own—it's also a shared responsibility with your spouse.
And while you are legally responsible for paying off all joint debts, your divorce lawyers can help ensure that you aren't left holding more than your fair share in certain instances.
4. Ensure Access to Adequate Child Support
One of your top concerns if you are a parent is to ensure that your children's needs will be met in both the present and future. Child support payments are intended to cover some or all of these expenses.
This support should maintain your children's lifestyle before the divorce. But ensuring that you will receive adequate child support requires taking steps with legal assistance before and during divorce proceedings.
5. Access Adequate Spousal Support
If you're going through a divorce, one of your primary concerns will be making sure that you're adequately provided for. A good divorce lawyer will ensure that you get fair spousal support based on your unique situation, ensuring that you aren't left in dire financial straits after separating from your spouse.
Along with emotional turmoil, a divorce can leave you in financial distress if you don't protect your interests. Call a divorce lawyer for an appointment to explore ways to protect your financial interests.
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