How to Handle Finances When Going Through a Divorce

handle finances

How do you handle finances if you’re going through a divorce? Attorney Lisa Zeiderman shares important tips to protect your assets.

Lisa Zeiderman is a matrimonial attorney and Certified Divorce Financial Analyst who handles complex financial and custody divorce matters, as well as pre- and post-nuptial agreements. 

She has been on many “best-of” peer-nominated lists in the New York metro area. She’s a founding member of the American Academy of Certified Financial Litigators, and a member of the Forbes Business Council. She has also been published in Forbes, Psychology Today, Financial Advisor Magazine, and the New York Law Journal. 

In this episode of Last First Date Radio:

  • What are a few common mistakes people make before asking for a divorce?
  • If you suspect your spouse might be hiding income or assets, what should you look for?
  • What constitutes financial abuse?
  • Is there real value in a prenup?

How to Handle Finances When Going Through a Divorce

What are a few common mistakes people make before asking for a divorce?

  1. They don’t understand that someone is not on the same page at the exact same moment as they are. Give your spouse some breathing space for the divorce to occur.
  1. Another mistake is not having enough financial information ahead of time. 
  1. Make sure you have your separate property ‘ducks in a row’. If you had property, an inheritance, or a pre/post-nup, have it in hand before you ask for a divorce.
  1. Make sure you have a strong team to support you.

If you suspect your spouse might be hiding income or assets, what should you look for?

Look for a collection of documents. I had a client who looked through the garbage for off-shore accounts and bank accounts she didn’t know existed. Look for credit card statements no longer coming to the house. Look carefully at tax returns, because they will give you dividends and interest. If your spouse has interests in real estate, they may not be taxable. Look at all the statements. If you don’t get passwords, ask why. They might be hiding something.

Is there real value in a prenup? 

A prenup addresses the business part of marriage. Certain provisions are made in the event of divorce or death. Alimony, spousal support, and other divisions of property are outlined. 

A postnup is entered after the marriage and you can spell out all of the same things.

These are good ways to enhance the marriage and it’s helpful during and after the marriage. Full transparency allows you to make a plan for yourself and your future.

When entering into a second or third marriage, keep your separate property separate, even if you haven’t entered into a pre- or post-nup agreement. Keep your records.

Watch this episode on YouTube


Lisa’s website and blog: www.lisazeiderman.com 

Lisa’s LinkedIn: https://www.linkedin.com/in/lisa-zeiderman-esq-a2a041a/detail/recent-activity/ 

Lisa’s Facebook: https://www.facebook.com/lisa.zeiderman.3

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