Financial strain and getting a divorce
Law Office Of Annette Baker Tree

Financial strain and getting a divorce

| Nov 26, 2019 | Firm News |

For couples, financial problems may be part of the picture for a myriad of reasons. Some married people struggle with long-term financial hardships due to low-paying jobs or significant financial responsibilities, and in some cases, these difficulties are the root of their marital problems and one of the driving factors in their divorce. In other instances, a couple may be calling their marriage off for some other reason but they may face financial problems due to getting divorced.

It is essential for couples who are experiencing financial strain to take a careful approach to their divorce. In fact, even couples who are relatively well off should take various financial issues into consideration while getting a divorce because they could end up facing financial problems in the months ahead. For example, child support payments, property division and alimony can complicate one’s finances.

Sometimes, divorce is also associated with major career changes, which can lead to additional financial concerns. Some people spend a lot of money dealing with legal costs, especially if they are very worried about the outcome of a custody dispute or some other critical family law matter. People may feel that they cannot afford to get a divorce. In some cases, it may be true that waiting until one’s financial circumstances improve is ideal. However, others find themselves trapped in a relentless cycle of poverty, and ending their marriage may be necessary regardless of the financial hardships that they are experiencing. Please take the chance to read more about family law on our website and carefully look into your options if you are facing financial uncertainty and want to end your marriage.