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, ...