One of the reasons couples may hesitate to divorce is due to the cost and financial instability of post-divorce life. When you have substantial assets, you likely do not worry about legal fees and living on your own. However, that does not mean divorce has no significant impact on finances for those in the higher-income bracket.
Financial consequences of divorce for the wealthy
Keeping watch over marital debts following divorce
Many individuals in California and elsewhere may consider it essential to maintain a healthy financial standing. Those who are going through the end of a marriage may have concerns about how the process will affect their finances. While property division will inherently have an impact on this area of life, individuals who are going through a divorce may also find it advisable to keep watch over marital debts, as these could have a substantial influence on the outcome of the situation.
