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Smart Money Moves When Going Through a Divorce

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Published
05/21/2025

Divorce can be emotionally challenging - and financially complex. Protecting your wealth during this transition is crucial to ensure long-term stability and fairness, which is why it is vital to be aware of smart financial steps to safeguard your assets, reduce losses, and make informed decisions throughout the process. Read on for five smart money moves when going through divorce that will help you navigate and make intelligent decisions.


Understanding Marital vs Personal Assets

First, you need to understand the difference between marital and personal assets. Marital assets include things like property, savings, and possessions that have been acquired during the marriage, no matter whose name they are in. Personal asses, meanwhile, refer to inheritances and gifts received before the marriage, which can (but not always) be excluded from the division.


Legal Advice: When & Why it Matters

Many believe they can navigate a divorce without legal advice, particularly if it is amicable, but this is not the case. Divorce lawyers should be engaged early to understand your rights, avoid common mistakes, and ensure that your financial interests are protected.

Handling Property & Join Accounts

Proper and bank accounts that are jointly held can cause complexities in a divorce case. Couples often seek a clean break, which involves selling a shared property and dividing the proceeds, or one partner buying the other out. In terms of bank accounts, it is wise to close these or restructure them as soon as possible to avoid misuse. It is helpful to use divorce lawyers to create agreements that will enable the fair division of assets.

Planning for Future Financial Independence

It can be a shock to the system adjusting to a solo-income lifestyle and can create challenges for many. This is why it is wise to develop a post-divorce budget that will help you control spending and live within your means. You may also want to set new financial goals and look into ways to boost your income if needed, such as upskilling, starting a side hustle, or looking for better-paid work.

Protecting Pensions, Investments, & Savings

Finally, you want to take steps to protect your pensions, investments, and savings,  as these can be hugely valuable. Of course, you must never conceal any assets, which is why you need to have these assets accurately valued and included with the guidance of experienced divorce lawyers who can avoid mistakes that could cost you a significant amount of money.

If you ever find yourself going through a divorce, it is essential that you are smart with your money. This can be an emotional, challenging, and complex time, but you want to make sure that you make intelligent decisions in regard to your finances and assets. This is so that you can reach a fair settlement that protects your interests and gives you a solid foundation for life post-divorce.

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