How to handle finances during a separation?
July 5, 2011 7:58 AM Subscribe
Need advice on handling finances during a separation. I will be seeking the advice of an attorney/mediator in the near future, but want to hear how others have handled similar situations.
posted by anonymous to Human Relations (6 answers total) 2 users marked this as a favorite
So, it looks like my husband and I are headed for a separation. We are in our mid-30s, have been married for 3 years and have no kids. We keep separate finances for the most part, with the exception of a joint savings account which isn't substantial. We bought a house 2 years ago. We both make similar salaries, and divide the bills as such: he pays the mortgage and his car note, and I pay the rest (household bills, cell phone, car insurance, my own debt, etc.).
My state requires 6 months of separation before we can file for divorce. I will likely be the one to move out, mainly because I have family in town that I can stay with and he doesn't. He also could probably afford to take over all the household bills, whereas I could not afford to do so (I have additional debt acquired before we got married). In the long run, our plan would most likely be to sell the house and divide any profits/deficit. However, how do we handle the house in the meantime? If he stays in it, can I turn over responsibility of house-related expenses to him? Right now all the bills are in my name, and frankly, I am nervous about letting him handle these due to a track record of financial irresponsibility on his part. However, it will be damned-near impossible for me to get a place of my own if I'm still on the hook for all the house bills. I am not looking to screw him over or burden either of us financially. Is there a typical way this is handled?
Bonus question: any recommendations for family attorneys or divorce mediators in Louisiana?