The Importance of Access to Money Early in the Divorce Process

Andrew Hatherley |

One aspect that often plays a critical role in ensuring a fair and equitable outcome is having access to financial resources early in the process. In this blog post, I want to emphasize the importance of securing financial stability during a divorce and the advantages it offers.

Divorce is a complex journey, and having access to financial resources can significantly impact your ability to navigate through the process effectively. Here are a few reasons why early access to money matters:

Affording Legal Representation:

Hiring an experienced divorce attorney can be essential in protecting your rights and interests. Having financial resources available early allows you to retain a skilled lawyer who can guide you through the legal complexities and work towards achieving a fair outcome.

Conducting a Thorough Investigation:

Divorces often require gathering financial information, evaluating assets, and determining the true value of marital property. Having financial resources at your disposal enables you to conduct a thorough investigation, hire financial experts if needed, and ensure transparency in the financial disclosure process.

Covering Living Expenses:

Divorce can disrupt your financial stability, especially if you relied on your spouse's income. Having access to money early on allows you to cover your essential living expenses during the divorce process, ensuring you have a roof over your head and food on the table.

Protecting Joint Assets:

In some cases, spouses may attempt to hide or dissipate assets to gain an unfair advantage during divorce proceedings. Having financial resources allows you to take proactive steps to protect joint assets, such as freezing accounts, hiring forensic accountants, or securing expert advice to ensure a fair division of property.

Pursuing Mediation or Alternative Dispute Resolution:

Mediation and alternative dispute resolution methods can save time and money compared to lengthy court battles. Having access to financial resources early on enables you to explore these options, engage professional mediators, and work towards finding mutually acceptable resolutions outside the courtroom.

Securing Your Financial Future:

Divorce often necessitates financial planning for the future. Having money available early allows you to start building a post-divorce financial plan, including setting aside funds for your retirement, establishing a new budget, or seeking financial advice to make informed decisions.

Divorce is a transformative life event that requires careful consideration and preparation. Having access to financial resources early in the process empowers you to protect your rights, pursue a fair settlement, and secure your financial future. Whether it's affording legal representation, conducting investigations, covering living expenses, or exploring alternative dispute resolution options, having financial stability plays a crucial role in achieving a positive outcome. If you or someone you know is going through a divorce, consider the importance of having money available early in the process and seek professional guidance to navigate this challenging journey successfully.