Real Estate Divorce Planning©

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Proactive Measures: ● Financial Information Protection: While you can't control the box's physical access, you can secure your digital finances. Change your debit card PINs, bank account passwords, and security question answers immediately. Make them complex and unrelated to personal details your ex might know. ● Address Update: After moving out, update your address with banks and creditors. This ensures crucial information reaches you directly and doesn't fall into your ex's hands. Additional Considerations: ● Inventory: Create a detailed inventory of the box's contents and store it securely outside your home. If needed, this documentation can help protect your ownership claims. ● Legal Consultation: In complex situations or if you have significant assets, seeking legal advice is crucial. A lawyer can guide you through specific steps to safeguard your finances and ensure fair asset division. Remember: While these steps may seem like an inconvenience, they empower you to take control of your financial future and start fresh with peace of mind. By being proactive, you can prevent unnecessary stress and potential financial losses during an already challenging time.

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Divorce Decisions: Picking the Right Path for You and Your Wallet Mediate Facing Divorce? Know that how you choose to resolve it can significantly impact your assets. Luckily, you have options beyond expensive, drawn-out court battles. Consider Mediation: ● Reduce Stress and Cost: Opt for mediation, a collaborative process guided by a neutral third party. This approach can be significantly less stressful and cheaper than courtroom battles. ● Faster Resolution: Mediation often unfolds at a quicker pace, saving you valuable time and emotional energy. ● Mandatory in Some Cases: Be aware that certain states even require mediation before litigation. Check your local regulations to see if it applies to you. Remember: Choosing the right divorce resolution path empowers you to protect your assets and navigate this challenging time with more control and clarity. Consider exploring both options and consulting with legal professionals to determine the best fit for your unique situation. http://ww2.nycourts.gov/ip/adr/divorcemediation.shtml

DISCLAIMER This plan does not provide legal, tax, accounting, or therapy advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal, tax, accounting, or therapy advice. You should consult your own professional before engaging in any transaction.

Ray Pearson Broker/Owner, Cobbleridge Realty Corp (631) 320.5849 www.Cobbleridgerealty.com

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