I’m posting this here on my sister’s behalf, with her blessing and under an alternate account from my usual one.
My sister is planning to divorce her husband of 10 years. She’s already made the decision to do it but is being held back by logistics. She’s concerned over how to disentangle their finances and get money together to live on her own.
Mom and I have advised her to start a checking account at a completely separate bank/credit union. What else should she do?
Relevant information:
- My sister is 30 years old.
- The jurisdiction is State of Tennessee, USA.
- My sister and her husband have been married roughly 10 years.
- There was no pre-nuptial agreement.
- They have no children.
- They are both employed, but by different employers.
- They live in a rented apartment/flat. There is no real estate.
- They have effectively zero savings.
- They have student loan and
I thinkalso credit card debt. - They have one car in her name, which she plans to leave for him. The other car is owned outright by our mom, whom she’s paying monthly installments.
Sister will be reading these responses. Feel free to ask questions, and I’ll edit/reply with answers as often as I can.
Submitted May 22, 2020 at 05:20PM by BlazingFrag https://ift.tt/36neDFr
