You and your spouse may have been fairly equal wage earners throughout your marriage in Scranton, Pennsylvania, but typically, income tends to be one sided during a relationship. If you are planning a divorce and you are not the person whose paychecks are the primary support the household, you may be concerned about how your finances will fare during the process. Even collaborative high asset divorces often require expensive professionals such as mediators, therapists, financial experts and attorneys.
In spite of your need for financial support during the divorce, legal experts do not all agree on whether you should withdraw any significant amounts of money from joint accounts before filing. Most recommend taking only what you need to get through the process while maintaining open lines of communication with your spouse.
Any significant withdrawals you make may prompt your spouse to clean out the accounts or begin hiding assets. Fortunately, an automatic temporary restraining order, or ATRO, may be the solution you need. This is a petition you can file that freezes all accounts and marital assets.
While it may seem that you are lashing out at your spouse, this is not the case at all. In fact, an ATRO protects both of you and makes it simpler – and possibly less expensive – during asset valuation and division. Even if you file the ATRO petition in the spirit of fairness, the fact that it is a legal document means either of you could be held in contempt of court for violating it.
Protecting yourself financially during a divorce may seem complicated or intimidating. Although this information should not be considered legal advice, it may be helpful in understanding some of the options that may be available to you.