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Financial Consequences

Financial Consequences Related to dissolution of marriage

When marriage is over, they end more than just a relationship; they end the joint sharing of finances. Unfortunately, in our society, when it comes to anything having to do with money, people act differently than even they expect, especially when divorce is involved. One of the greatest consequences that occur to the parties involved in dissolution of marriage is the debt that remains after dissolution of marriage. Whether the dissolution of marriage is contested or uncontested (collaborative), when finances and debts are involved, few people get off without fighting over finances. Since neither one of the parties wants to be left with all the debts, a we can help sort out the property division, child support, child custody and alimony issues.

Financial Management and dissolution of marriage

Every year, more than one million people find themselves facing dissolution of marriage and more often than not, after years of marriage, couples that have built a stable financial life find themselves facing financial difficulties. Those that have experienced a comfortable life, often have to give up a lot. And while the dissolution of marriage originates from incompatibility, dissolution of marriage is usually viewed from a financial and legal standpoint with money usually becoming one of the greatest issues.

Generally speaking, when a couple initially marries, one person takes on the responsibility for financial management. And while this may be a necessary component towards keeping the finances running smoothly, it could also leave the other party in a vulnerable position. Since one person has maintained the majority of financial responsibility, it means the other person should spend time understanding the finances, especially if dissolution of marriage occurs. To make sure that no one loses, it’s best to have a San Antonio Divorce Attorney that cares about what happens to you and your finances.