On preparing for a divorce and protecting one’s finances

Having handled divorce cases in Texas over the years, Shane Kersh knows that while divorce law may vary from state to state, the financial preparations a couple should make before entering divorce proceedings are quite universal.

On that note, Shane Kersh, J.D., shares with everyone a few tips on how to protect one’s finances if he or she is headed for divorce.

1. Hire a financial consultant.

While some people may see this as an added expense, hiring a financial consultant may very well save them a truckload of money in the long run. Financial consultants know how to help people keep the money and assets that are rightfully theirs.

2. Keep a detailed record of finances.

There are several documents that a person about to undergo divorce should keep close. Examples of these records are credit card reports (year-end) and statements (interest and dividend). Tax returns should also be within reach or entrusted to someone close and trustworthy.

3. Pay off as much debt as possible.

Paying off as much debt as one can is significant to the future credit standing of a person. Once the divorce is finalized, one wants to still have good credit standing. Without that, it can be challenging to secure finances in the future.

Shane Kersh, J.D., is a family law attorney and mediator who proudly serves clients in Houston’s Harris, Brazoria, and Fort Bend counties in Texas. Visit this page for more family law-related tips and insights.