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Divorce: Financial conflict continues to be a major issue

| Oct 2, 2019 | divorce/marital dissolution

There may be a variety of circumstances in which couples in California and elsewhere may encounter disagreements over the course of a marriage. However, arguments over finances continue to be one of the most common sources of strain in a relationship. Studies also indicate that similar concerns also continue to be one of the leading causes of divorce and that the financial issues a couple may experience could come in a variety of shapes and forms.

According to studies, one of the most common issues couples may encounter during a marriage could pertain to having opposing stances on financial goals. Studies indicate that differences of opinion on monetary goals can place a heavy strain on a relationship. Experts also suggest that issues with debt can also take a toll on a marriage, as can the stress that comes with dealing with substantial monetary obligations.

Studies also suggest that financial infidelity can have a detrimental impact on a relationship and could increase the risk a couple will experience trust issues. The stress of creating joint accounts could also prove substantial, especially when the parties involved have different views on how to manage marital finances. Experts also assert that unexpected expenses could also pose a risk to a relationship and increase the chances a couple might encounter periods of high conflict.

While maintaining a healthy financial future is a goal for many individuals, in some cases, it could prove a stressful and challenging endeavor. When facing a divorce, those who wish to better understand the available options to help safeguard their financial futures could benefit from seeking guidance from a family law attorney. An attorney can work with a client in California in forming a strategy to seek the best outcome achievable concerning his or her future during subsequent divorce proceedings.