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After divorce: Financial planning is a must

On Behalf of | Dec 12, 2014 | Alimony

Many people find that dealing with finances after a divorce is very difficult. A household that operated on the combined efforts of both spouses suddenly becomes two households with two sets of household bills. The good news is that with proper planning, a divorced spouse can be ready to handle what lies ahead.

At Laura Dale & Associates, PC, we understand the difficulties that divorcing spouses face when it comes to finances. It is why we sit down with our clients and strive to completely understand their financial picture.

There are many ways that the divorce decree can stabilize a soon-to-be single person’s financial life. If he or she is receiving alimony or child support, this income can be including in any budgeting. In addition, making sure that the bills are split evenly is essential. You don’t want to be stuck paying a major portion of the bills — especially those that might not have even been yours to begin with.

Bankruptcy could be an option, as well. Even though it is not an option that many people like to consider, it can give you a fresh financial start to your future. We can help you understand if this is a route to consider or if there isn’t a need for this type of court action.

At Laura Dale & Associates, PC, we take a great deal of pride in helping our clients get started in their single lives on the right foot. No one wants to struggle for every penny. We can work with your ex-spouse — or if need be, the courts to make sure that the split is fair and respects your rights. To learn more, please visit our webpage on divorce.