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Consider a new credit card as a Florida alimony back-up plan

by | Oct 4, 2018 | Alimony

In many cases, a divorcing spouse has a fairly good idea of what to expect when it comes to spousal support. A skilled divorce attorney can review the family’s finances and provide a decent estimation of how the property division process will work out and what level of alimony can be expected. However, it’s not always possible to predict when those payments will begin, which can leave Florida spouses in a sticky financial spot.

Securing a new credit card can be a good way to create a financial back-up plan in case there is an unanticipated delay with alimony, child support or property division. It’s also helpful in establishing credit in one’s own name. That’s an important part of moving forward as a single person and in building a credit file that is not reliant on joint accounts.

Spouses should be careful to select a card that has the best possible terms and to then use that line of credit judiciously. Opening a new credit card and running up a significant bill can end up bringing financial harm. People should treat any new lines of credit as insurance policies against financial shortfall.

Knowing what to expect is helpful during a divorce. By working with an experienced Florida family law attorney, spouses can gain a solid understanding of where their finances will fall in the months and years to come. The structure of alimony, child support and property division can all be estimated in advance. That can make it far easier to plan for the future and to avoid much of the stress that comes with uncertainty.

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