Martin & Reed, LLC
Free Consultation
970-573-7749 Greeley
970-573-7762 Fort Collins
Weekend Appointments Available Se Habla Español
Menu Contact
Experienced Attorneys Committed To You Protecting your future through zealous representation in and out of the courtroom.

Financial tips to help you through a divorce

Divorce gives you plenty to think about, and a lot of it is financial. How can you protect your wealth? What will you have left after the split? What is your ex going to get? What are the tax implications? The questions go on and on.

It's stressful. You already have enough to think about with the end of a romantic relationship and potentially changing roles with your kids. You have to put these things first. Don't let the financial side of the divorce feel overwhelming.

To that end, here are some critical tips that can help:

  1. Be careful about who you let give you advice. It can come from all over: family members, co-workers, friends. People will all have ideas about what you should do with your money or what rights you have. Don't take this advice. Don't make serious mistakes based on what someone told you when they were not an expert.
  2. Remember the more complicated financial questions. It may not be all that difficult to look at things like dividing cash or your bank account, but don't forget that you need to divide things like retirement plans, investments and even joint debt.
  3. Split up the money you use on a daily basis. Having a joint account worked before, but one of the first steps you should take is for you and your spouse to get your own accounts. Route your individual paychecks to those accounts. Put some separation in your finances.
  4. At the same time, ditch your credit cards, if they're also joint cards -- something many couples use. Don't let your soon-to-be ex rack up debt on an account with your name on it. Close the joint accounts, and you can both go out and get personal cards instead.
  5. Start paying closer attention to what happens to your money during the divorce process. It can take weeks. Pay attention to separate earnings and spending habits; you're not divorced yet, but that doesn't mean you should start putting your assets and debts into separate categories.
  6. Plan for the future. Think about potential alimony payments, child support payments and much more. Your financial future is not just defined by how you split up what you both own now. It is defined in part by how your finances may stay mixed for years or even decades to come. Consider how that is going to look and make a plan that accounts for it.

These tips can help you get started, but they are not all that you need to know during a divorce. You have to be careful with financial decisions. Make sure you know exactly where you stand and what options you have as the process plays out.

No Comments

Leave a comment
Comment Information
See What Our Clients Have To Say About Us

Brad Martin did a great Job for me

I had a DUI charge against me so I hired Brad Martin in Greeley, Colorado. With the DA and Brad they were able to plea bargain and drop my DUI charges. How amazing is that!!

Avvo Read More

Schedule A Free Consultation

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Fort Collins Office
155 E. Boardwalk Dr.
Suite 400
Fort Collins, CO 80525

Phone: 970-573-7762
Map & Directions

800 8th Ave. #202
Greeley, CO 80631

Phone: 970-573-7749
Map & Directions