Jamie Graham & Associates, PLLC

Divorce process involves being team player, detective

Although planning for retirement is relatively common in Texas and other parts of the United States, planning for the dissolution of a marriage is not quite as common. However, the decisions made during divorce can easily affect one's finances long term. A few tips may help with navigating the financial aspect of a marital split-up.

First, becoming a team player can be advantageous during divorce. This means assembling a strong team of advisors who can help with making informed decisions from a professional standpoint. Besides having an attorney on this team, having a personal counselor, financial advisor and account can be helpful.

Second, becoming a detective is critical. After all, tracking down one's financial information is necessary early on in the process. This is important for determining how much both spouses have earned during the past five years as well as the total amount of debt each carries. Tracking down every financial account and understanding how they are allocated is also critical.

Getting a divorce can take both an emotional and a financial toll on an individual, which makes it tempting to speed through this type of family law proceeding, simply to get the process over and done with. Unfortunately, rushing through decisions involving marital property, retirement funds and spousal support, for example, increases one's chances of making financially detrimental mistakes that are hard to recover from. An attorney in Texas can help to ensure that one makes personally favorable decisions that will protect one's current financial status and future plans.

Source: kare11.com, "Navigating divorce while keeping finances straight", Kim Insley, Sept. 13, 2017

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At Jamie Graham & Associates, PLLC, we have received a variety of honors and awards for our family law services. Members of our team have been listed as Top Lawyers in San Antonio Scene magazine. We take pride in the number of positive reviews we have received from satisfied clients. On AVVO, a lawyer rating website, we have received an 8.9 rating overall and many positive ratings from clients and colleagues.

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