Divorce is a complex and stressful process on many levels. Child custody, alimony, asset division—the list of life-altering considerations seems endless.
Although all divorces are unique, there is one concern that almost all divorcés have in common: maintaining finances. The Week recently published a report that introduces a few steps all husbands should take when heading toward a divorce:
- Consult an Experienced Divorce Attorney
The guidance of an experienced divorce lawyer may prove invaluable. A qualified attorney can explain the steps you should take to protect your financial interests. A family lawyer can also help you avoid making mistakes that could cause financial issues down the line.
If you are considering a divorce in Queens or Staten Island, contact The Law Office of Elliot Green. For a free initial consultation with a Queens divorce lawyer, call 718-260-8668.
- Know What You Will Be Spending
Divorce can be an expensive process, and you must be prepared for this. Legal experts are essential in divorces, and they will ensure that you are not disadvantaged.
Other expenses you must expect are real estate costs to divide property, finding a new home for yourself, counseling for your children and financial advisors’ fees. All of these may be necessary expenses.
- Alimony Is Important
Alimony is essentially financial assistance for your spouse who you supported financially during the marriage. Without alimony, many divorcing spouses would be unable to survive.
It is important that you honor this commitment. Although writing a check to your ex may not be easy, keep in mind that this amount is tax deductible.
At the same time, it is important that you do not feel too proud to accept alimony payments. Although the traditional view of alimony is a payment that men make to ex-wives, this is not always the case.
- Work to a Budget
Experts suggest that it is important to create a budget for your post-divorce life. Men often only concentrate on the divorce expenses and forget about the post-divorce costs. As a single man, your everyday expenses will change, so it is important to budget for these accordingly.
Divorce Rate in United States Still High
The Centers for Disease Control and Prevention claims that there were as many as 877,000 annulments and divorces across the country in 2011. This equates to a divorce rate of 3.6 per 1,000 people. It is clear, then, that divorce is a reality that a large portion of American adults will have to endure.
If you are facing a divorce, the support of friends and family can be extremely helpful. However, although you may have a relative who has been through a divorce, no two cases are exactly alike. This is why it is so important to consult a family attorney who has experience handling a range of divorce cases.
The Law Office of Elliot Green has the experience to represent your interests during a divorce. A Staten Island family lawyer from our firm can explain the laws and how they relate to your case. Call us today at 718-260-8668 to schedule an appointment.