How can I plan for the financial impact of my divorce?

March 01, 2010

Start with budgeting.

Divorce often means spouses must now allocate the same income over two households instead of one. Without a commitment to preparation of realistic budgets, negotiations can quickly degenerate into adversarial proceedings. Budgets enable you to discuss alimony and child support from a factual perspective. Sites such as www.FamilyLawSoftware.com offer tools to aid you, your lawyer or financial professional with budgeting. We can't change the fact people divorce. We can change the way they divorce.

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