Freezing joint accounts.
All joint bank accounts and credit cards should be closed or at least suspended until the divorce is final. This will prevent either spouse from racking up debts out of spite or in an attempt to split costs before separation.
Make a preliminary agreement for dividing marital debts.
Most divorcing spouses want to pay off as much shared debt as possible, since an outstanding shared debt can still affect an ex-spouse’s credit score after a divorce is final. If not all shared debts can be paid using joint assets, you and your spouse should have a clear agreement about who is responsible for which payment.
Once you have taken the first steps, you should seek the advice of a Rhode Island divorce attorney to make sure the division of marital assets is fair to you. Our family law attorneys can examine your tax returns, bank statements, investment accounts, real estate holdings, and other shared property to ensure you start your new life from a strong financial position.
Do You Need To Speak To A Rhode Island Divorce Attorney?
If you are considering a divorce you need to speak with an experienced Rhode Island divorce attorney as soon as possible. Please contact us online or call our Warwick office directly at 401.946.3200 to schedule your free consultation. We help divorce clients in Providence, Warwick and all areas of Rhode Island.