The marital breakup process in Pennsylvania can certainly be tough financially, but it can be especially challenging emotionally. This is particularly the case for the parents of young children who are going through divorce. Fortunately, some tips might help with making this life-altering process more palatable.
Getting divorced is never an easy experience from an emotional standpoint. However, it can also be challenging from a financial standpoint, and this is true whether a couple has few assets or many high-value assets. Here are a couple of important moves to make to protect oneself financially when going through divorce in Pennsylvania.
Getting divorced makes it possible for two married individuals in Pennsylvania to finally break free from each other and move on with their lives. However, research shows that many women still decide to stick with the same financial advisor that the other party used prior to the divorce. In reality, it may be beneficial to start fresh with one's own financial advisor.
When an individual in Pennsylvania decides to get divorced, it's natural to experience a range of emotions. A part of the person may feel relieved and ready to move on with his or her own life. At the same time, the individual might feel unsettled, as divorce is inherently a life-changing event. However, a couple of tips may help those going through divorce to feel confident heading into the process.
Younger individuals today are waiting until they are older to marry, and in the meantime, they are accumulating large amounts of wealth in many cases. In other cases, they are accumulating large amounts of debt. For these reasons, it is a good idea for people in Pennsylvania to create prenuptial agreements before they get married in the event that divorce is inevitable for them down the road.
The process of breaking up with a spouse can certainly have a major impact on an individual emotionally. However, divorce can be just as impactful on the individual's personal finances, especially if he or she happens to be a parent. For this reason, becoming familiar with one's finances is critical prior to seeking a divorce in Pennsylvania.
According to experts, married couples have an estimated 39% chance of getting divorced in the United States. Unfortunately, divorce can be devastating both financially and emotionally. Here is a glimpse at seven mistakes that can quickly impact one's finances during a Pennsylvania divorce.
One of the top reasons people get divorced is money. This is because finances and stress usually go together, and this issue can affect financially struggling couples and wealthy couples alike. Here is a glimpse at two money-related problems that commonly drive wedges between Pennsylvania couples and spark divorce proceedings.
Keeping a marriage together is no easy feat, especially when a marriage is built on a not-so-sturdy foundation in the first place. In many cases, two people who are married simply cannot make their marriage work, so their only option is to get a divorce. Research shows that couples in Pennsylvania and elsewhere end their marriages for a wide range of reasons, from a lack of dedication to domestic violence.
Experiencing a marital dissolution can be traumatic for the entire family. However, approaching the divorce process circumspectly can make it easier for divorcing adults and their children to deal with the ins and outs of the process. Here are a couple of wise moves that people in Pennsylvania may want to make if they are considering divorce.