Joint Bank Divorce Research Paper

Decent Essays
Divorce can be as devastating financially as it is emotionally. From alimony payments and legal fees to asset division and potential tax penalties, the average cost in the United States often runs in the $20,000 range. Though these expenses are unlikely to deter couples in need of a separation, the divorce law experts at Weingast Law in Hartford, CT recommend spouses prepare themselves for the road ahead.

Protection

Once you and your spouse have decided to divorce, it’s important to cancel your joint bank accounts. Cut up and cancel all of your credit cards and request new ones in your name. Close out all of your unused credit accounts and contact your creditors regarding your change in marital status. After your assets have been legally

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