Divorce Negotiation: Money Won’t Solve Heartache
Money is always part of divorce, no matter how much money you make. But the focus on money often turns it into a proxy for other things.
Money is always part of divorce, no matter how much money you make. But the focus on money often turns it into a proxy for other things.
Divorce can get ugly. While some couples divorce peacefully, for others, it becomes a battle. Suspicion and mistrust become part of the game. Many people assume that when a spouse asks for divorce, he or she probably has money “stashed away somewhere.” Some hire private investigators to find it.
Divorce is an emotional event in life. But it’s also a legal and financial one. That’s why it’s important to detach your emotions from the process, at least during times when you are thinking about finances or discussing the separation with your spouse. Here are four divorce mistakes that might affect your financial future: Mistake #1…
While not romantic, it’s often pragmatic to protect each side with a prenup in case the partnership later dissolves.
Money isn’t everything. But couples who reported disagreeing about finances at least once a week are more than 30 percent more likely to get divorced.
The area of finances is one of the biggest hurdles for both partners during the split. Here are some tips on making the most of things as you separate your assets and debt.
If you and your spouse both agree a divorce is necessary, coming to terms with financial separations and arrangements as soon as possible will save you time and money later. It is possible to separate your finances while you still own a home and assets with your partner.
Finances are one of the most significant concerns for most people when they divorce. If you and your partner can work out how to divide your money on your own, you’ll probably both feel far better about the result than if you go to court.
Re-gaining financial independence during a divorce can be hard, but these four tips will help you maintain fiscal stability during your tough transition.
Divorce itself can be expensive, and then you’re left to live on one income. In some cases, one party must also pay child support to the other. It’s essential to manage your personal finances, so you are capable of taking care of yourself in the aftermath.