In addition to the emotional pain wrought by divorce, it’s also a costly process. Here are some financial tips men should keep in mind when a marriage ends from a divorce attorney Long Beach CA.
- Know What to Expect
When it comes to divorce, costs vary. Most men can expect to pay around $20,000 for the fees associated with attorneys, experts, and court filings. But the less complicated the divorce, the lower the cost. Make every effort to come to an agreement with your ex outside the court system.
- Divide Assets Fairly
Before getting separated, withdraw half the funds from joint accounts and deposit in a new account with your name. According to family lawyer Long Beach CA, leaving your former spouse with no money to speak of won’t look great for you in court.
- Expect to Pay Alimony
While some think alimony is a thing of the past, that’s not necessarily the case if your ex-wife left the workforce to care for children. Spousal support is designed to provide the non-working partner with the means to support themselves while preparing to go back to work.
- Don’t Hide Money
While concealing assets can be tempting if you’re getting a divorce, don’t do it. If the judge finds that you haven’t been truthful about finances, it calls your whole case into question.
Long Beach divorce lawyers can help protect your interests in the event of a divorce.
The Law Offices of Riley Khorram will put a Long Beach family law attorney in your corner, so you can fight for your rights.