The financial impact of divorce

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The expenses of a divorce are unlikely to deter a couple that truly needs to split, but experts say you should still be aware of just how high the bill can get. It some cases, the financial …

The expenses of a divorce are unlikely to deter a couple that truly needs to split, but experts say you should still be aware of just how high the bill can get. It some cases, the financial consequences can set you back decades.

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  • 1. The Financial Impact of Divorce Presented By Lee Ray Divorce Law Expert www.edivorcepapers.com Free 40,000 forms and related papers are available here
  • 2. The Financial Impact of DivorceThe expenses of a divorce are unlikely to deter a couple that truly needs tosplit, but experts say you should still be aware of just how high the bill canget. It some cases, the financial consequences can set you back decades. “The Financial Impact of Divorce”  Financial consequences for everyone  Spousal support quickly adds up  Capital gains can be a killer  Don’t forget the legal fees
  • 3. The Financial Impact of DivorceDivorce requires you to make financial decisions at every turn.Avoid some of the most common mistakes.There are many financial decisions to be made during a divorce, many ofwhich can affect your financial security well into the future. It’s crucial thatyou get good financial advice, and avoid making some of the mistakes thatfinancial professionals identify as the most common.
  • 4. The Financial Impact of Divorce Avoid some of the most common mistakes.•Not knowing how much it costs you to live•Assuming that the custodial parent should keep the house.•Believing that an equal division of property is the same as a fair divisionof property.4)Deciding financial issues one at a time instead of understanding howthey affect each other.
  • 5. The Financial Impact of Divorce•Not insuring alimony and child support.•Not understanding unsecured debt•Not evaluating the defined benefit pension plan correctly.•Not following through with a Qualified Domestic Relations Order (QDRO)•Using unrealistic assumptions about inflation and investment returns6)Failing to ask, “How do I know that I will be financially secure after mydivorce?” before signing the divorce papers.
  • 6. The Financial Impact of Divorce Reference Links Alimony in Divorce http://www.edivorcepapers.com/divorce-alimony/ Legal Advice for Divorce http://www.edivorcepapers.com/divorce-legal-advice/ Procedure for Filing Divorcehttp://www.edivorcepapers.com/how-to-file-for-divorce.html Mediation Process for Divorce http://www.edivorcepapers.com/divorce-mediation/
  • 7. Lee Ray [Divorce Law Expert] Follow Me Question & Answerdivorcelawexpert@gmail.com www.edivorcepapers.com