Financial Advice After Divorce in Virginia

Posted on May 18, 2012 by Hofheimer Family Law

A divorce in Virginia can be financially and emotionally devastating. Paying lawyer fees, alimony or child support can leave your bank account hurting. Or maybe you are starting out on your own without a job. Either way, you need sound financial help from a divorce lawyer as you move with your life.

After your divorce in Virginiais final, you’ll want to remove your former spouse from any plans or policies under which he was covered. For example, if you have health insurance, joint credit cards, a 401(k) or a retirement plan, remove his name from the accounts. If you have joint banking or savings accounts, make sure they are split up. Your divorce lawyer can help write letters to banks and credit card companies and inform them of the situation.

Once you have all your accounts settled, you need to start saving for your future. If you work and your company offers a 401(k) or other savings plan, take advantage of it. Use coupons and other offers to save on everyday expenses. Find ways to reduce other expenses such as cable or cell phone bills.

If you are going through a divorce inVirginiaand need financial advice, a consultation with an experienced divorce lawyer can be especially helpful. Contact the family law attorneys at Hofheimer Family Law Firm today at 1-757-425-5200.