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Be Careful With Money Leading Up to Your Divorce

A common mistake people make when preparing for a divorce is a failure to consider the state of their finances moving forward and what sort of budget they should realistically be working with while the case is pending.

Before your divorce begins, it’s hard to predict with a great deal of certainty what your financial future will look like. You’ll work through those issues and get a better sense of your financial state in the ensuing months after starting the case, but in the meantime it is critical that you are careful with your money.

Perhaps most importantly, you should avoid purchasing anything excessive or expensive. Here are just a few reasons why:

  • You are burning marital funds: It will reflect poorly on you if you start dissipating marital funds knowing a divorce is in progress. Your spouse might ask the judge to hold you in contempt of court. Even if they don’t, you’re still making matters financially harder on yourself than needed.
  • You could prompt an emotional response: Your spouse may, understandably, have an emotional response to you suddenly using marital funds for excessive purchases while the divorce is pending. This could result in them no longer be willing to collaborate in mediation, or play nice with their demands. Part of being cordial in the divorce process is being financially respectful.
  • You could give a wrong impression of your income: If you start spending large amounts of money, it could signal that you have more money than you actually do, which could draw out the discovery process or hurt you in your ultimate divorce decree.

For more information about how you should conduct yourself financially leading up to a divorce, contact an experienced Minnesota divorce lawyer at Appelhof, Pfeifer & Hart, P.A.

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  • "Tori had a thorough understanding of my situation and made excellent recommendations to resolve my concerns. She was persistent on communication and handled everything in a very timely manner. I would definitely hire her again in the future if needed." - M.K.

  • "With Appelhof, Pfeifer & Hart, P.A., it is like having a family physician. They are all knowledgeable, thorough, comforting, and the only call I need to make for all my legal needs for many years to come. No matter what the matter, I totally trust their advice and commitment to me and my family." - J.N.

  • "Mary from APH Law helped me thru a difficult divorce. She and the entire staff was there for me every step of the way helping me on what to do next. They listened to what I wanted and helped me achieve what matter the most to me in the divorce settlement." - Dana C.

  • "I chose APH after my initial consultation with Mary. I felt my best interest would be represented. The entire process went excellent, the attorneys and staff communicated effectively and efficiently with me throughout the process as they needed to. Being new to the legal process and verbiage, they walked me and talked me through the next steps and the jargon, I felt completely comfortable and represented. I hope I never have to use legal services again but if I do I will call Mary at APH Law and know that I will be taken care of." - Jeff M.

  • "Divorce is a time of emotion and stress. Mary Pfeifer , My lawyer was professional and compassionate. She was very informative through the process. Her insight helped me in my decisions. She worked hard to obtain a settlement which was fair to both parties.Though, I hope I won't need her help again. It is reassuring to know a good person that is willing to help." - Rod S.

  • "I first came to Ms. Jacquelyn Lutz of Appelhof, Pfeifer and Hart in October of 2016. It was definitely the worst time in my life and she compassionately spoke with me about my options. Ms. Lutz thoroughly explained the laws, statutes, process and what to expect going forward. What was supposed to be one case, turned into three intricate cases that took a huge toll on me and my family. Ms. Lutz represented me in court on all three cases with a vast knowledge of the laws and how to proceed accordingly. During all three cases she kept me informed, calm, gave me resources to utilize, and (most important) gave me a realistic view of what may come next. Ms. Lutz knew each case required a great deal of knowledge and creative thinking on how to legally proceed forward with each case. My family and friends are forever grateful for the amazing representation by Ms. Lutz. I highly recommend Ms. Lutz for anyone needing or considering superb representation for any kind of family law. " - M.H.


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