When a couple decides to dissolve a marriage, there are numerous decisions that need to be made right away. When it comes to finances, there may be decisions that have to be made quickly once both parties decide that divorce is imminent. Pennsylvania couples may want to follow a few tips about which financial decisions should be made swiftly.
Credit cards should be dealt with first, as should any bank accounts. If there are cards with a zero balance, both parties may want to cancel them quickly. If a spouse has a card with the other person’s name on it and decides to use it and then not pay the balance, that other spouse may be responsible for the debt. Bank accounts should be divided quickly so that one spouse does not take out money and spend it, affecting the amount of money available for immediate use.