When walking through the legal process of ending a marriage, it is easy to allow short-term feelings to dictate decisions. Focusing on what feels best in the moment can lead to decisions that will actually cause long-term problems after the divorce is final. Any California spouse facing a divorce would be wise to be aware of the financial realities of divorce and to keep his or her perspective on what will be best for the future.
Facts about finances
There is virtually no way to escape the inevitable financial changes brought about by divorce. Even two spouses who are approaching their divorce amicably will experience changes and upheaval. The following realistic facts are useful for anyone approaching divorce:
- It may not be financially prudent for one to retain certain assets, even if there is emotional attachment.
- A spouse who has been a stay-at-home parent may need to reenter the workforce.
- It will be necessary to adjust lifestyle, spending and expectations for the future.
It can be difficult to face the realities of divorce, but the sooner one does it, the easier it will be to have the perspective necessary to make the best possible decisions for one’s financial future.
Help at every step
Navigating divorce is difficult, but a California spouse does not have to do this alone. It will be helpful to work with an experienced attorney to effectively pursue a final settlement that allows for stability long-term. The financial realities of divorce can be overwhelming, but it is possible to secure terms that allow one to look to his or her future with confidence.