A recent study suggests that more and more couples are beginning to purchase homes together prior to marriage. This trend differs from previous generations' traditions. The findings from study may eventually help uncover information about divorce.
It is not uncommon for a Missouri spouse to contemplate divorce for quite some time before asking their significant other for a divorce. In some cases, the one who was thinking about filing even learns that their spouse was thinking the exact same thing. However, if it can be helped, filing for divorce first is financially a good idea.
In our last post we focused on the importance of budgeting and cutting back on discretionary spending in order to save. While these aspects of financial planning are certainly important, those in Missouri who recently went through a divorce also need to make sure and handle all marital debts, as well as updating insurance and retirement plans.
Missouri residents who have gone through a divorce know that no matter how well spouses still get along, the divorce can be emotionally draining. It is a major life change that will impact many aspects of a person's life well after the ink is dry on the divorce paperwork.
In our last post we focused on the fact that with it almost being springtime, more couples will file for divorce. For many, it is the sense of starting anew and finally doing what they know in their hearts is the right thing. And while we mentioned the importance of talking to an attorney in the planning stages and saving up money for the interim, it is also important to take control of finances and back away from social media during the divorce process.
It is approaching mid-March, which means springtime is right around the corner. For many married couples in Missouri, especially those who were having issues throughout the holidays, some will look at the start of spring as a time of renewal and starting over. Historically, this time of year sees an increase in the number of divorce filings.
In our last post we focused on the importance of thinking ahead before filing for divorce. How would filing now affect a business? What assets would be considered marital property? However, outside of these aspects, from a financial standpoint, also make sure to think about the importance of honesty and the future in terms of retirement.
Divorce can be tricky from a financial standpoint. The issue though is that when it is time to file for divorce, many make decisions based on emotions. While this is understandable, it is not necessarily the right thing to do from a financial perspective. In fact, just rushing through and signing off on paperwork now, can really come back to bite a person in the end.