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Money Made Easy 2015-16: The complete guide to making and saving money for the whole family by Laura Whitcombe, Mark King

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Divorce

Whether you’ve been married for months or years, the consequences of divorce can be financially devastating. Understanding how the process of separating a couple’s finances works in practice can help save you time and money.

If divorcing spouses can put aside some of their emotions, divorce doesn’t have to be an overly complicated process – assuming that there is goodwill on both sides and a desire to bring about a fair and speedy outcome. Every divorce is different but there are always four main financial points to consider:

The immediate financial concerns of both partners – who will live where and how much will it cost?

Maintenance – how much money might either partner need from the other in order to support themselves and any children, ...

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