The Impact of dissolution of marriage on Finances
No matter how equitable, the emotional pain coupled with the impact on finances, makes divorce a very challenging and difficult experience. And of course, no one in his or her right mind finds dissolution of marriage a pleasant experience, but when a person wants out, they put aside those challenges and forge ahead. If you are uncertain about the future, you may want to prepare by protecting your financial security today so that anything that may happen in the future doesn’t turn your finances upside down tomorrow. By gaining insight regarding finances, you learn how to protect your assets and can continue living a reasonably comfortable life even after divorce. By taking the time to understand your finances, you’ll be far more prepared if dissolution of marriage happens.
Many people are angry and spend time hiding assets. In many cases going as far as selling property purchased during the marriage. I remember when one of my friends ran around selling all of his household furniture, appliances and even his wife’s clothes in an attempt to seek revenge on his wife. If you ask him today, he will tell you that was one of the biggest mistakes of his life.