Amy M. Levine & Associates, Attorneys at Law, LLC - Family Law, Bankruptcy, Probate Litigation, Criminal Defense
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Columbus, OH 614-360-2942
Huntington, WV 304-519-4354
New Albany, OH 614-721-7726
Toll Free   888-641-0805

Columbus, OH 614-360-2942
Huntington, WV 304-519-4354
New Albany, OH 614-721-7726
Toll Free   888-641-0805

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Amy M. Levine
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Steps to take after an auto accident

A car accident has the potential to cause both emotional and physical injuries. However, it is important that you know what to do after an Ohio crash so that you can minimize the short and long-term damage it may cause. Assess the situation The first thing that you...

Police lineups in Ohio can sometimes be flawed

According to a recent study, eyewitness identification contributed to 75% of wrongful convictions made in the case study area in New York. Therefore, Ohio courts have established strict guidelines that police and prosecutors must use before admitting eyewitness...

Four mistakes to avoid after getting into a car accident

You've probably heard about what to do after a car accident in Ohio. But do you know what not to do after a car crash? Learning these tips can help keep you safe during a stressful time. Here are several things to avoid doing after getting into a car accident. Don't...

Understanding how probate sales work

Probate is the legal process that occurs in Ohio in order to ensure that your debts are paid. It also ensures that the legal title of all of your remaining assets is transferred to the heirs and beneficiaries that you have named. If you have a will, the process of...

Tips to improve your credit after Chapter 7

Sometimes bankruptcy is the best option for your financial health. Unfortunately, filing for Chapter 7 comes with some side effects. For instance, you will take a significant hit on your credit score. However, this does not have to be a permanent situation. The...

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Before Filing For Divorce, Prepare Financially

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A divorce can be a difficult process for all members of a family. But, by making a few carefully thought out preparations, you can both protect your assets and ensure a smoother transition for everyone involved.

Initial Steps

Even before contacting a divorce attorney, you may want to make an exhaustive inventory of all marital assets. You will have to list property you own in divorce negotiations; preparing a complete tally in advance will make this simpler, help you avoid forgetting to disclose easy-to-overlook assets like pensions and assist your family law attorney in crafting a negotiation strategy.

Especially for collectibles, jewelry, art or other pieces of property whose value can be difficult to determine, appraisals often prevent conflicts later over how much a given item is worth. You should also ensure that you are aware of all your spouse’s assets that may not have ever been mentioned to you. Investment profits must be reported to the Internal Revenue Service, so examining tax returns is a relatively convenient way to uncover the existence of stock-trading accounts or other assets.

You will also want to begin thinking about how your financial life will change after the divorce. Prepare a budget projection to determine whether your individual income, in addition to any potential divorce settlement, will meet your expenses. Remember, if you wish to remain in the family home, take into account the substantial costs home ownership entails even beyond the mortgage, including things like utility bills, property taxes and upkeep expenditures. After a divorce, child care costs or visitation expenses can also become burdensome, and you should factor them in.

Finally, you should consider how your credit will be affected by divorce. It is possible that your spouse took on debts that you are liable for without your knowledge, or damaged your credit score by processing transactions through a joint account. Request your credit report and look for any irregularities. In addition, obtain a credit card in your own name to begin building your personal credit.

Ask Your Attorney

Of course, you and your attorney will need to contemplate many other matters together later in the divorce process. But, by addressing a few essential financial issues before entering into divorce negotiations, you may be able to secure a more fair and favorable settlement.

Amy M. Levine
View Profile

Our Latest Blog Posts

Steps to take after an auto accident

A car accident has the potential to cause both emotional and physical injuries. However, it is important that you know what to do after an Ohio crash so that you can minimize the short and long-term damage it may cause. Assess the situation The first thing that you...

Police lineups in Ohio can sometimes be flawed

According to a recent study, eyewitness identification contributed to 75% of wrongful convictions made in the case study area in New York. Therefore, Ohio courts have established strict guidelines that police and prosecutors must use before admitting eyewitness...

Four mistakes to avoid after getting into a car accident

You've probably heard about what to do after a car accident in Ohio. But do you know what not to do after a car crash? Learning these tips can help keep you safe during a stressful time. Here are several things to avoid doing after getting into a car accident. Don't...

Understanding how probate sales work

Probate is the legal process that occurs in Ohio in order to ensure that your debts are paid. It also ensures that the legal title of all of your remaining assets is transferred to the heirs and beneficiaries that you have named. If you have a will, the process of...

Tips to improve your credit after Chapter 7

Sometimes bankruptcy is the best option for your financial health. Unfortunately, filing for Chapter 7 comes with some side effects. For instance, you will take a significant hit on your credit score. However, this does not have to be a permanent situation. The...

Visit Our Blog

Contact Us For A
Free Consultation