Goldman Law Offices

Free consultations for all personal injury and criminal matters

Financial tips for divorce

Getting divorced can result in individuals having to rebuild their finances from scratch. However, there are some steps Pennsylvania residents can take to lessen the negative impact divorce can have on their financial future.

Even for people who do not plan to have legal representation during the divorce process, it is still prudent to consult with an attorney. An attorney who practices divorce law may advise them of all of their legal options and rights. If affording an attorney is an issue, there are organizations that can provide low-cost or no-cost legal services. People with low income may contact law schools that provide free, public clinics or ask the local bar association for assistance.

Being fully aware of one's own financial standing is also important. Credit reports should be reviewed to see if new and unauthorized accounts have been opened and if there are credit account changes, which may be an indication of identity theft. Up to three credit reports can be obtained from the three credit-reporting agencies free of charge once a year.

Individuals can safeguard their money by closing and closely monitoring any joint accounts they share with their spouse. The joint financial accounts may include credit cards, lines of credits and bank accounts. It is not unusual for a spouse to transfer money in individual accounts that only he or she can access, making it nearly impossible for the other spouse to get the money back. If one spouse is unable to get assistance from the other spouse to freeze or close shared accounts, it may be necessary to do so on one's own.

A divorce attorney may assist clients in making sure that they get favorable financial settlement terms. Litigation may be used to obtain portions of retirement accounts to which a client may be entitled.

No Comments

Leave a comment
Comment Information
  • Rated By Super Lawyer William L. Goldman Jr.|
  • Million Dollar Advocates Forum
  • Avvo
  • Distinguished AV | LexisNexis Martindale-Hubbell | Peer Review Rated Seal For Ethical Standards and Legal Ability
  • Client Distinction Award - William L. Goldman, Esq.
  • Multi-Million Dollar Advocates Forum
  • Listed in Best Lawyers | Seal of The World's Premier Guide
  • Best Lawyers | BEST LAW FIRMS | US NEWS 2020
Email Us For A Response

Tell Us About Your Case

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

Goldman Law Offices

90 E. State Street
Doylestown, PA 18901

Phone: 215-348-2605
Fax: 215-348-5247
Doylestown Law Office Map

Leave us a review of your experience with our firm Review Us