How to Protect Your Money in a New Jersey Divorce

If you have concerns about your money during a divorce, continue reading to learn ways in which you can best protect it, and do not hesitate to reach out to our firm today to retain the services of a skilled Monmouth County divorce attorney. Our legal team is here to ensure that you and your future are protected.

Steps to protecting your money during your New Jersey divorce:

  1. Learn how much money you have. Before you try and protect your money, it is important to understand what you and your partner have. After all, you can’t protect what you do not know you have.
  2. Don’t hide your money. Even though it may sound counterintuitive guidance, especially if you do not trust your former spouse, you will be better off in the long run if you are transparent about your assets.
  3. Separate your bank accounts. In the event that you do not have your own checking and savings account, you will want to do so as soon as possible. This is because if all of your money is in a joint account, you may be worried that the other spouse will suddenly withdraw all of it. Unfortunately, this can happen and many courts have seen it.
  4. Bring in a forensic accountant. Not everyone requires a team of high-level professionals working for them to get through a divorce. However, if you have a high net worth and believe your partner is concealing money from you, the help of a forensic accountant can be critical.
  5. Make sure the paperwork is filled out correctly. This is very important to avoid bumps in the road. The best way to ensure that your paperwork is properly filled out is by hiring a skilled professional, like a divorce attorney.
  6. Remember the “extras” in child support. Keep in mind that if you are going to receive child support, make sure you add in the extracurricular activities such as camp and soccer gear. This is because the little purchases and big purchases add up, and you do not want to go back to court after the divorce is said and done to get reimbursed for these costs. By considering this small factor, you can ensure you are protecting your expenses in the long run.
  7. Hire a divorce attorney. If you have doubts about being about to access your money or accounts in the midst of your divorce, it is in your best interest to have a skilled Monmouth County attorney on your side.

Contact our experienced Red Bank firm

Our firm proudly represents clients in New Jersey who are faced with matters of family law, criminal defense, business law, real estate law, or estate planning. If you require strong and dedicated representation for any of your legal matters, please do not hesitate to contact The Law Offices of George J. Mardinly to schedule a consultation.