3 Financial Myths About Divorce
Most people don’t ever think that they will end up divorced when they first get married, but there are many factors that can cause couples to part. It’s a difficult process to split up a marriage, especially if there are houses, cars and kids involved. The whole family is affected by the decision, and there’s many other important choices to be made about everyone’s futures, including the finances.
There’s lots of advice for when it comes to new beginnings, but a good place to start is in your community to find resources for marital and family counselling through the divorce process. There are numerous factors to be considered, and it’s important to find the right help to guide you through the process to dispel some myths like these:
Having a prenup isn’t worth it
If you’re a soon-to-be-newlywed or at the beginning of your relationship, discussing what you would do if you broke up isn’t exactly the most romantic discussion, but it can be super important for some couples. The pros and cons of prenuptial agreements should be carefully considered by both parties, but it’s worth it financially in the long run. You don’t know how long the divorce process can take, or what unexpected costs could come up. Laying out an agreement beforehand makes it much simpler and cheaper to carry out after the fact.
Not hiring a divorce lawyer will save you money
There are many resources out there to help you with your divorce, but it’s always a good idea to hire a professional. Hiring an attorney to dissolve your marriage may sound like the expensive option, but a DIY divorce can have many unexpected costs.
It’s nice that divorce resources are more accessible like downloading, filling and filing forms and simply paying the fees, but hiring a divorce attorney means you don’t have to really do any of that work. It will also put you at a disadvantage if your spouse hires one and you don’t show up with similar professional representation.
If you’ve been married 10 years you must pay alimony
Handling a divorce on your own is a bit simpler if you have a shorter marriage with no children or shared properties, but if your marriage is more involved, the process can be more complicated. This is why it’s beneficial to have someone experienced to guide you through the process, like a divorce attorney. They can advise on specific state laws or clear up misconceptions like the 10 year rule. You can usually save yourself money in the long run by hiring a professional to help you avoid any unforeseeable laws, clauses or anything else unexpected.
It’s not an easy process for people to go through a divorce, but getting the help you need to guide you through the process is an investment for the mental health of the individual, the couple and the family as a whole. They take out the difficult challenges of official paperwork, legal jargon and help you maintain a professional atmosphere to ease your emotions while making difficult decisions about your futures.