Whether you're going through a high-net-worth divorce or simply want to ensure that your fundamental needs are met, protecting your financial interests necessitates a lot of thought and planning. After decades of practicing divorce law in Florida, we've seen firsthand how costly mistakes can be if divorcing spouses don't seek legal advice as soon as possible. On the other hand, we can advise you on how to limit the financial impact of your marriage by taking the following steps:

Organize Yourself

Important documents, such as bank statements, credit card bills, insurance policies, loan information, and tax returns should all be located. These kinds of things can help you keep track of the assets that will be distributed throughout your divorce. Gathering these materials also allows you to get a head start on any updates you might need to make if your address or name changes.

Establish a Bank Account and a Credit Card for Yourself

You might want to open a checking account and get a credit card in your own name during the pre-divorce period. Any existing joint accounts must be resolved, but this can be done later. It should be easier to transition if you have your personal account setup and ready to go before the divorce begins.

Look Into Your Health Insurance

In many marriages, one spouse's insurance coverage covers both spouses. If you're thinking about getting divorced while still on your partner's insurance, talk to your work about getting your own policy. If you don't have a job, you might look into individual coverage choices on the open market.

There may be more steps you can take to safeguard yourself and your children, depending on your circumstances. Don't be afraid to seek guidance from a Miami family law lawyer to strengthen your case before and during the divorce process.

To learn more about how a Miami FL divorce attorney from Rafool, PLLC may be able to help you with your divorce, visit us online.