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Take steps to protect personal information in divorce

Posted on behalf of Michael D'Amico of D'Amico & Pettinicchi, LLC on Aug 15, 2014 in Wrongful Death

When most couples make the decision to marry they do so because they want to share their lives together. This of course entails sharing many things including personal content passwords. But what happens when a relationship comes to an end? It depends on whether a divorcing couple thinks about the matter in the course of the split. If not properly addressed it is possible that one of the spouses might seriously damage the other’s future.  To try to avoid this there are certain steps that can be taken.

The first step is to change your passwords. Depending on the number of password protected account someone has, the matter can take some time. Nonetheless it is an important task to accomplish.

Next, when possible, close all joint credit card and joint bank accounts. Following those closures open your own accounts. Taking these steps is a good way to establish credit as time passes. Making sure your spouse removes your name from objects which he or she received in the divorce settlement is another part of establishing credit.

Making sure credit reports are on track and paying off the amounts due on closed accounts is another way to protect oneself financially following a divorce.

At the end of a divorce it is fair to say that all involved want to start the next part of their life in the best possible financial situation. Working with a family law attorney who handles divorces is a good way to get started down that path.

Source: Warrick Publishing, “Divorcing? Protect your finances, personal data,” Jason Alderman, July 23, 2014