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Divorce could come with some nasty financial surprises for women

by | Nov 14, 2018 | Divorce, Firm News |

Women are very independent these days, and that includes financially, even if married. California couples often share assets though, and when they’re headed for divorce court, a woman may not be prepared for what that could do to her financial situation. A recent survey turned up some startling information: 46 percent of women surveyed admitted that divorce was accompanied by some financial surprises.

The issues for which many women were unprepared were the size of the debt the couple was carrying within the marriage, believing they could keep the home they shared with their spouse, thinking they wouldn’t have to return to work, the exorbitant cost of health insurance and not realizing the cost associated with divorcing. These findings reiterate the importance of a woman knowing what is going on financially within her marriage. Women who don’t take an interest in the financial aspects of their relationships may find it harder should that relationship fail.

Many women give all the financial responsibilities in their marriages to their spouses. Many times, it’s one person who pays the bills and looks after accounts. Big mistake, experts say. If a woman has no experience looking after a financial landscape, she will have a much harder time doing it for herself. Experts says women need to get more financially prudent and get better educated about finances and about investing.

Divorce can be confusing for both partners. There are many things to think about, including finances. A California lawyer may be able to help his or her client navigate through those waters by helping him or her to understand the legal aspects of the process. A lawyer may also be able to offer help by putting a client in touch with experts such as financial planners and accountants.


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