Last week, we let you in on a little secret: there are hidden financial benefits to divorce. Unfortunately, there are drawbacks, as well. What are the most common financial pitfalls you may face during your divorce, and how can you avoid them? Paying Your Retainer Fee The first financial pitfalls of divorce begin as soon …
It comes as no surprise that divorce can be a costly endeavor. Legal fees, becoming a single income household, and support payments can do major damage to your wallet. As awful and scary as that all sounds, there is a financial benefit to divorce. Fresh Start for Financial Responsibilities You face a big lifestyle change …
Filing for divorce can be expensive, and many litigants don’t realize that they are responsible for more than just their legal fees. To help combat the financial blow, you can take steps to save money during divorce. An unusual, but increasingly common, way to keep costs low is living with your ex during divorce. Living …
Some of the most common points of contention in New York divorce cases involve money. Spouses often disagree on child support, alimony, and equitable distribution. How can a Statement of Net Worth help to alleviate these issues? What is a Statement of Net Worth? A Statement of Net Worth is a court document, and is …