Divorce and Your Finances
Divorce may rank as one of the most stressful of life's events, affecting not only the emotions, but also the wallets, of those involved. Because it may provoke change at almost every level of life (e.g., social relationships, family, and work), it usually requires a fundamental reexamination of life goals and expectations. Once divorce has moved from a possibility to a reality, it is essential that you learn how to protect your legal rights. From a financial perspective, divorce involves three things: division of marital property, child support, and alimony. An understanding of the divorce process may help you ensure the law works to your advantage on all three fronts.
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