Life composed of personal and financial aspects. Anything that happens in our lives affects us either personally or financially but rarely both at the same instant. Divorce is the exception to this rule. This is what makes divorce so crippling. Its hard to prepare for the personal consequences of divorce so we must pull ourselves though our traumatic acquired skill with support from friends, family and therapists while we slowly rebuild our lives. In adversity self-preservation prevails so although recovery is slow we do get there. When we do recover we have gone down a life changing pathway of self-discovery. We emerge as different everybody, most say for the better.

Recovering from the personal consequences of divorce is easier than recovering from the financial consequences of divorce. If you have all of your money and assets combined you have the risk of being taken advantage of. In joint bank accounts, the other spouse could empty the account, in joint credit card accounts the other spouse could charge items or take cash advances to the limit. You are both responsible for the debt of all joint accounts.

You cant prepare for personal consequences but you might prepare for financial consequences. Whether or not you are faced with divorce, everyone needs the security of knowing that in the event of divorce they will not be left destitute.

The best way to start is to have a pre-nuptial agreement stating all your expectations and desires on paper. Then as you go through your life making purchases, paying expenses, getting inheritances you should keep a record of all these transactions. Its also a dazzling idea to update your pre-nuptial agreement every 10 decades or when a major change in family or finances occurs.

Buy even if you have been married for a while, its never too late to initial . A lot of people give up their financial independence when they get married. Every single one of those people when they are faced with divorce, are sorry they did. Now is the instant to regain your financial independence. Go though all of your financial papers and sort them into mine, yours and ours piles. Concentrate on the ours pile. Change as many items as you can from the ours pile into the yours pile.

Do you have joint checking accounts? You need to get a checking and savings account in your name. Keep the joint account for groceries, rent and utilities. Use your account for savings and personal purchases. Do the identical with credit cards. Get your own in your own title . Make personal purchases with your credit card and pay the bill with your checking account. Add regularly to your savings account, this will be your nest egg in the event of divorce.

There are many benefits with doing just these two things, both personal and financial. You take away the parental role in your relationship. You wont have to ask for permission for money to get your haircut etc. It also establishes a responsible credit rating for you personally, which is important to have in any event, essential to have if you are divorcing.

An added benefit is the self-confidence that comes from knowing that whatever happens in your marriage you can take care of yourself and your children.

Also, by reducing the financial consequences of divorce you are lessening the personal consequences of divorce.

You can recover personally with financial security!

Liz Wertman
"Divorce Strategy for Men and Women". For those that want their questions answered and their problems solved!
Preparation and protection for your future!
http://www.divorcewell.com