Tuesday, February 7, 2012

Money rights after failing Marriage

We have all heard that money is one of the top reasons for divorce. Do not deny the fact that divorce is costly in itself and presents an additional set of financial expenses that husbands and wives probably never expected. There are lawyers, property that either has to be sold or if it is kept discussed who gets it, child support if children are involved and more.

Once the marriage is dissolved, it is probably easy to see where an ex- would have questions about their money rights. Do they have a right to this or that from a financial capacity? What I want to say to those wives in the money after marriage is this, make sure you have done your research and talke explicitly with an attorney regarding the financial picture prior to your getting divorced.

The financial picture should include what were the expenses, what credit cards were joint, the automobiles and home.  What happens in each of those situations when there is a divorce. What do you do about credit cards or any other accounts that were in both names?

This is not a time to have a lack of knowledge. No question is a dumb question and if you think it, ask it. Better to have too much information than not enough. You can take information and digest it small pieces at a time. This will keep you from becoming overwhelmed.

Caution: Do not put everything into the hands of your ex- to resolve.

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