How do I go about filing for divorce or get legal advice when my husband controls the finances?
How to File for Divorce When My Husband Controls the Finances?
If you and your husband are battling over finances, then you're not alone. Your spouse may be critical of your spending habits or keep you in the dark about your finances. Take stock of how much you know and what you don't know. Find out if you both have the same knowledge of finances, including where your retirement and investment accounts are located.
Complications of divorce with a financially-controlling spouse
Divorce with a financially-controlling spouse can be more complicated than a traditional divorce. In these cases, the financially-controlling spouse may not be able to delegate money matters to one partner. As a result, the division of assets and debts can be more difficult than it needs to be.
Protecting assets
One of the most crucial things to do when getting a divorce is to protect your assets. Divorcing couples often make plans to protect their separate property during the divorce process. This can include establishing investment accounts and taking out insurance policies. It is also a good idea to protect family businesses and heirlooms. A skilled attorney can help you navigate the process of asset protection.
One way to protect your assets is by establishing trust. A trust can hold your assets and be managed by a trustee on your behalf. The trust can be either revocable or irrevocable. An irrevocable trust is an excellent option for securing your assets, and it can shield them during a divorce.
Finding sources of income after divorce
The first step to regaining financial stability after a divorce is to establish a budget. While a divorce can be traumatic, it's also an opportunity to recoup any savings that may have been lost in the marriage. While this may seem daunting, the first few months following divorce are critical for getting on your feet financially.
You can seek spousal maintenance if your ex-partner pays you half of his or her income. This is different than child maintenance, which you will be expected to share with your ex-partner. However, if your ex-partner isn't willing to share his or her income, you can seek a court order to share your income. If you aren't willing to go to court, you can hire a solicitor to help you negotiate a settlement.
If you have any questions, you can get a free consultation with the Best Attorneys in Utah.
Ascent Law LLC:
8833 South Redwood RoadSuite C
West Jordan, UT 84088
(801) 676-5506
