Asked & Answered
My Spouse Always Handled the Money. What Are the First Financial Steps I Should Take?
For years, you trusted your spouse to manage the investments, pay the bills, and plan for the future. Now, as you face a divorce, you feel completely unprepared to take the reins. The thought of managing your own finances is intimidating, and you’re scared of making a costly mistake simply because you don’t know what you don’t know.
Feeling overwhelmed is completely normal, but you are more capable than you realize. You simply need a guide to show you the way. Our role is to empower you with the knowledge and confidence you need to take control of your financial life. We’ll help you build a foundation for independence with these clear first steps:
Gather Your Documents: We’ll provide a simple checklist of the essential financial documents you need to gather, from bank statements to tax returns.
Create a Personal Budget: We’ll help you understand your current income and expenses to create a realistic picture of your new financial reality.
Identify Your Core Resources: We can determine the exact value of financial accounts and how to generally think about potential tax consequences of divisions .
Staying in the dark about your finances can lead to a settlement that doesn't protect you. By taking these first small steps, you transform from someone who feels powerless into someone who is in complete control of their new beginning.
You don’t have to figure this out alone. Call us for a consultation and let us be your guide to financial empowerment.
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