Adjusting to life after divorce

| Apr 10, 2013 | Firm News, High Asset Divorce |

A person’s wedding day is often a very special occasion. It is a day that a lot of people look forward to their whole life. However, after the cake has been eaten and the big, white dress has been put away people have to work on their marriage. Some people in Connecticut and beyond may realize at some point that their spouse is not someone they can spend the rest of their life with.

Making the decision to pursue a divorce can be difficult. Although going through a divorce isn’t fun, it may end up benefitting both people in the end.

Choosing to divorce may be one of the biggest decisions a person will make in his or her life. It is important that people take the time to think about the adjustments they will have to make.

For instance, people who become single again are often required to pay more in taxes. In addition, parents may need to set aside more money for daycare costs. People should also expect to make adjustments to their retirement accounts.

In order to prevent major financial hardships after divorce, people should plan ahead. It is also a good idea to work with professionals as people are going through the divorce process. In addition to a financial planner, a mental health professional may be able to help someone cope with the emotional aspects of a divorce.

It is also wise to work with an experienced legal professional. An attorney will work on behalf of his or her client to be sure that client is treated fairly.

Source: The Los Angeles Times, “Five ways divorce will impact your finances,” Stuart Pfeifer, March 28, 2013