Dealing With Divorce-Related Financial Surprises

Kansas wives who are considering divorce may be interested in learning about some of the surprises that may come up after a marriage ends. According to a recent survey, more than 45 percent of divorced women were surprised by some of the financial challenges they faced following their divorces.

One of the biggest shocks that divorcing women face is learning the full scope of their marital debts. This includes learning the full amount due for mortgage payments, student loans and lines of credit.

Another major surprise for divorcing women is the potential need to return to the workforce. Some women may go into divorce thinking that they’re going to receive a comfortable amount of child support or alimony. However, this is not always the case, especially since these payments are usually temporary.

It can also be a shock for some divorcing wives to learn that they will not be able to keep the marital home after the divorce. Unfortunately, paying for a home on one income can be almost impossible. Other unforeseen or unplanned expenses include things like health insurance as well as the actual cost of getting a divorce.

For this reason, it is imperative for a wife to have a full understanding of their family’s financial situation. This includes knowing about all assets as well as any liabilities. A woman who is in the dark financially during marriage may find that divorce is financially more difficult than it needs to be.

A family law attorney can help a client by providing representation during divorce proceedings. They can provide advice on issues such as property division, shared accounts, asset valuation and more.