Financial Considerations in Filing for Divorce
Divorce can be an uncertain time in your life, especially when it comes to your finances. Spouses can depend on each other for income, and transitioning from two sources of income to one is often a long and difficult process. Children add another set of financial concerns. All parents want is for their children to be happy and successful, but in divorces, it can sometimes be unclear how much financial responsibility each parent has.
If you or someone you know is going through a divorce, it is important to have someone on your side who knows how to fight for the right financial situation for you and your family. Contact the Manhattan Beach divorce lawyers of the [firm-name] today for help in this uncertain time.
Factors that Could Affect Your Finances
If you are filing for divorce, you should consider how the following factors might impact your
- Alimony: If you are dependent on your spouse for all or part of your income, you may seek to have alimony payments assigned to them so that you can maintain your financial stability after the divorce. If your spouse is dependent on your income, they might seek to have these payments assigned to you.
- Child support: Whatever your custody arrangement, you and your former spouse will have to provide sufficient financial support for your children. Depending on your situation, this could mean making child support payments to your former spouse or having them make these payments to you.
- Property division: If you and your spouse currently hold property or debts together, it will be divided between you in the divorce. One of the most important considerations is who will keep your home and who will move out, especially if you have children. You will also have to consider how other assets will be divided, not only in terms of monetary value but also in terms of practical importance. For instance, losing your car could affect your ability to get to work.
Thinking about these factors can help you make informed choices for your financial future as you hammer out the details of your divorce.
Having an experienced lawyer in your corner can help to increase the chances of financial stability after divorce. The Manhattan Beach divorce lawyers at the [firm-name] have experience with alimony, child support, and property division, as well as the non-financial aspects of divorce. Call us today at [phone-number].