Step 6 When Planning for a Divorce
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We've been talking about a number of things that you can do in order to prepare for a divorce. The sixth thing that you can do is prepare a budget. Budgets are important in a divorce situation for a number of reasons. First and foremost we talked about an income statement in our last video. The companion to that is knowing where your outflows are going, what the money is being spent on and the things that can become critically important at several stages throughout the divorce process including calculations related to child support.
There are a number of expenditures that people are making over the course of any given month that can influence and sometimes significantly change the amount of child support that may be ordered in a particular case. It can also affect things like alimony. It can affect things like temporary support if those are issues that are before the court.
So making sure that you understand not only where your income is coming from, but having a budget laid out to know where your money is going and what your actual monetary needs are will help place you in the best position possible to protect yourself and the things that are important to you throughout the divorce process.
My name is David Ward and I help protect the small business owner facing divorce.
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Whether your divorce involves asset and debt division, financial support, or child custody, the mental and emotional toll can be overwhelming. Having a complete and honest assessment of what to expect throughout the divorce process substantially reduces the doubt and uncertainty that many people experience. Gwinnett County divorce attorney David Ward has the experience to know that even the most complex issues have solutions, and he fights to ensure that your best interests remain the focus.
It is vital to pursue legal matters carefully and consciously with an experienced family lawyer like David Ward who will guide and keep you informed as your case progresses. Unlike most divorce lawyers in Gwinnett County, David Ward has a strong background in finance and accounting. He uses his deep understanding of finances to tackle complex situations regarding property and asset division.
We know that there are few situations in life that are more difficult than divorce. The decisions you make early on in your case may affect you and your children’s lives well into the future. We understand the difficulties you are now facing and we want you to know that we are here to help. In fact, our Duluth law firm has been helping folks just like you work through their divorces and family law issues for over a decade. Contact a divorce attorney Duluth or a Gwinnett County family law attorney today at 770-383-1973 to schedule your REAL Case Analysis.
NOTICE: You are not a client of this law firm and we do not represent you unless you have a signed attorney/client agreement with this law firm. No duties or privileged relationships are intended to be created by this communication where they do not otherwise exist.