As a family law attorney and advocate for parents navigating divorce and co-parenting, I’ve seen firsthand how the summer months offer an opportunity for reflection, growth, and renewed independence. July, with its focus on freedom and new beginnings, is the perfect time to take a closer look at your financial future—especially if you’re a single or co-parenting caregiver.
Financial independence isn’t just a legal concept—it’s a cornerstone of stability, peace of mind, and long-term well-being for both parents and children. Whether you’re recently divorced or years into a custody agreement, this season is a great time to pause and ensure your finances reflect the life you’re building.
Here are five ways I advise my clients to safeguard their financial future and protect their families:
1. Reevaluate Your Budget and Financial Goals: Your lifestyle likely looks different now than it did when your custody or divorce agreements were first made. Take time to update your household budget, consider new or seasonal expenses, and create financial goals that reflect your current priorities—whether that’s rebuilding savings, managing single-income planning, or preparing for upcoming school costs.
2. Review Child and Spousal Support Agreements: Life changes and so can financial circumstances. If you’ve experienced a shift in income, increased expenses, or changes in your child’s needs, it may be time to review your support arrangements. Legal guidance can ensure that any modifications are fair, enforceable, and focused on your child’s best interests.
3. Protect Your Assets and Credit: This is a critical step that often gets overlooked. I always encourage clients to double-check the status of financial accounts, retirement plans, home or vehicle ownership, and insurance beneficiaries. If you haven’t already, now’s the time to talk to an attorney about how to remove your ex from joint accounts and ensure your credit remains protected.
4. Update Your Estate Plan: If you have children, a comprehensive estate plan is a must. Your will, trust, and powers of attorney should be current and accurately reflect your wishes. These documents don’t just distribute property—they protect your child’s future, your legacy, and your peace of mind.
5. Don’t Do It Alone: Seeking support isn’t a weakness—it’s a strategy. Whether it’s working with a financial planner, therapist, or family law professional, surrounding yourself with a trusted team gives you clarity and confidence. You don’t have to navigate this journey solo.
Through my “Talk to Tiffany” campaign, I aim to provide clear, compassionate guidance to families facing tough transitions. Financial freedom doesn’t happen overnight, but with the right information and support, you can take meaningful steps toward a more secure future.
If you’re ready to take that next step, my team and I are here to help you assess your legal and financial options—because every family deserves stability, security, and strength moving forward.
Tiffany L. Andrews is a Folsom resident and family law attorney serving Northern California. She specializes in custody, divorce, and child support cases, offering dedicated legal support for families navigating significant transitions. For more information or to schedule a consultation, visitwww.tlalawoffice.comor call 916-790-8440.
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