Jamie Graham & Associates, PLLC

Protect finances during a divorce

The widespread assumption for quite some time is that about half the marriages in Texas and throughout the country don't last forever. However, reports show that this belief does not hold true any longer. According to recent data, the divorce rate for the nation has been decreasing over the past 30 years, after peaking in the early 1980s. While the overall rate is declining, there are still couples going through divorce proceedings. Experts stress that these individuals need to pay close attention to financial issues during the process.

Both parties involved need to carefully consider the financial implications of the impending divorce. It would be prudent to take time to review the finances before making property division decisions. There can be some highly emotional issues when a marriage ends, and making a rash decision could have long-term negative implications.

When a divorce is final, an individual needs to take a fresh look at investment strategies. Some options may not be available going forward, so it is important to determine what the best course of action may be. It would be helpful to allow some flexibility in the plans for a period of time as someone adjusts to the new normal. Getting used to living on one income, paying bills on one's own or finding new housing are just a few of the ways a person's finances are affected following a divorce.

When someone's marriage comes to an end, it can be an unsettling time. There are countless decisions to be made that can greatly affect someone's life, for the short-term as well as the future. It is critical to have wise counsel while going through this process. A Texas divorce attorney can provide much-needed guidance to clients with the goal of achieving the best results possible during the proceedings.

Source: forbes.com, "How To Handle Financial Planning During A Divorce: 4 Steps To Protect Yourself", Joel Johnson, Dec. 8, 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.

  1. Top 10 Attorneys | American Jurist Institute | 2017
  2. Avvo Rating | 8.9 | Excellent
  3. Avvo Clients' Choice Award 2015 | Jamie Lynn Heggy Graham
  4. Reviews | Out of 12 reviews | Jamie Lynn Heggy Graham | Avvo
  5. BBB | A+ Rating
  6. San Antonio | Best S.A. | Lawyers | 2015

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Jamie Graham & Associates, PLLC
310 South St. Mary's Street
Suite 2500
San Antonio, TX 78205

Phone: 210-272-7034
Fax: 210-308-5669