Morris, Downing, Sherred LLP

Morris, Downing, Sherred LLP

Sussex County Personal Injury Attorneys | Family Law Lawyers Newton NJ

973-383-2700
  • Home
  • Attorneys
  • Areas of Law
    • New Jersey Personal Injury Attorneys
      • Motor Vehicle Accidents
      • Motorcycle Accidents
      • New Jersey Truck Accidents Lawyers
      • Commercial Vehicle Accidents
      • Pedestrian Accidents
      • Uber Accidents
      • Drunk Driving Accidents
      • Slip and Fall Injuries
      • Dog Bites
      • Construction Accidents
      • Products Liability
      • Nursing Home Neglect
      • Severe Injuries
      • Spinal Injuries
      • Traumatic Brain Injuries
      • Walmart Lawsuits
      • Wrongful Death
      • Workers’ Compensation
      • Third-Party Claims
    • Employment Law
      • Employment Discrimination
      • NJ Workplace Harassment Law Firm
      • Wage and Hour Disputes
      • Severance Agreements
      • Non-Compete and Confidentiality Agreements
      • Whistleblower Claims
    • Medical Malpractice
      • Birth Injuries
      • Surgical Errors
    • Family Law
      • Divorce
      • Mediation & Arbitration
      • New Jersey Child Custody & Visitation Lawyers
      • Child Support
      • Alimony
      • New Jersey Complex Property Division Lawyers
      • New Jersey Domestic Violence Lawyers
    • Real Estate
      • Commercial Real Estate
      • Title Closings
      • Zoning and Land Use
    • DUI & Traffic Violations
    • Trusts & Estates
      • New Jersey Estate Planning Attorneys
      • Will Drafting
      • Probate and Estate Administration
      • Trust Administration
      • Revocable Trusts and Living Trusts
      • Irrevocable Trusts
      • Special Needs Trusts
      • Durable Powers of Attorney
      • New Jersey Living Wills Lawyers
      • Asset Protection
      • Executor Assistance
      • Fiduciary Services
    • Business Law
      • Business Formation
      • Business Transactions
      • New Jersey Contract Disputes Attorneys
      • Mergers and Acquisitions
      • Commercial Real Estate
      • Non-Compete and Confidentiality Agreements
      • Environmental Law and Litigation
    • Environmental Law
    • 9/11 Victims’ Compensation Claims
  • Testimonials
  • Articles
  • Blog
    • 9/11 Victims Compensation Fund
    • Employment Law
      • Whistleblower
      • Wrongful Termination
      • Discrimination
      • Sexual Harrassment
      • Employment Contracts
      • Severance Agreements
    • Family Law
      • Divorce
      • Domestic Violence
      • Alimony
      • Child Custody
      • Child Support
      • Property Division
      • Marital Settlement Agreement
      • Same-Sex Couples
    • Medical Malpractice
      • Birth Injuries
    • Personal Injury
      • Car Accidents
      • Motorcycle Accident
      • Truck Accidents
      • Slip & Fall Accidents
      • Pedestrian Accidents
      • Dog Bites
      • Products Liability
    • Trusts & Estates
      • Probate
      • Living Trusts
      • Power of Attorney
      • Wills
      • Will Contests
    • Workers’ Compensation
  • Contact

Being financially ready for divorce

Posted Apr 10, 2014

On behalf of Morris, Downing & Sherred, LLP posted in Divorce on Thursday, April 10, 2014.

Now that spring has come most people in New Jersey do some sort of spring cleaning activity. Whether it’s cleaning of the house, garden, or financial matters, it always feels good to have things in order. For those who are considering a divorce this year there are steps that can be taken to be prepared financially.

If a divorce is in the future there are some steps that can be taken to help make sure financial matters are organized. The first step is to make sure all financial documents are in order. Gathering all important financial documents and making copies can help save time and headaches later on in the divorce process. Second, it is important to know one’s credit score. A good credit score is important in obtaining loans and managing household expenses after a divorce. Third, obtaining bank accounts, both checking and savings accounts and credit card accounts in one’s own name is an important step. Credit cards are important and may be hard to obtain, especially for a spouse who doesn’t work outside the home. New Jersey residents should consider applying early in case there is difficulty. Fourth, understanding the tax situation is essential. At this time next year there may be spousal support, property division, and other financial matters to consider. Working with a financial planner can help ensure that tax implications of divorce settlements are taken into consideration. Fifth, put together a divorce team that may include an attorney, financial planner and therapist. And finally, even though the end of a marriage can be a trying emotional time for everyone, it is important to make sure financial matters are taken care of. By taking the necessary financial steps, newly divorced parties can emerge with a good financial foundation.

Those who are considering divorce may want to consult with a legal professional who is skilled in divorce. These attorneys can help a person navigate the divorce process and offer advice throughout the process. Attorneys can also be part of the entire divorce team who will work together to ensure a fair outcome.

Source: Forbes, “Six steps to financial spring cleaning for divorce,” Jeff Landers, April 1, 2014

Divorce divorce, end of a marriage, property division, spousal support

Contact us for a free consultation.

"*" indicates required fields

Disclaimer*
This field is for validation purposes and should be left unchanged.

Small Town Attention, Big City Results

Follow Us on Social

We Would Love Your Feedback

Have something to share?
Facebook | Google My Business | Yelp

Morris, Downing & Sherred, LLP | 1 Main Street, P.O. Box 67 | Newton, NJ 07860
Phone: 973-383-2700 | Fax: 973-383-3510

©2025 Morris, Downing, Sherred LLP. All Rights Reserved.

Disclaimer. Privacy Policy.