10 Ways that Divorce Can Ruin You Financially

1. Lawyer Fees:

Lawyers are considered by many to be the Devil’s minions for good reason. In many cases, people have signed contracts with lawyers without knowing what they are getting into. In California, there are laws that allow a lawyer to put a lien on your house! Lawyers want to make as much money as possible, and that gives them a good window of opportunity to bleed you from both sides.

2. Spousal support (or alimony):

The law figures that your spouse should not have to live a lifestyle below what they were accustomed too, and because of this, judges have been known to order that you pay alimony to your former partner. There is a spousal support calculator available online that you can use to guess how much you might end up paying. http://www.alimonyformula.com/

3. The split:

Typically, when you split, your other half gets half. That means if you make millions and divorce your wife, unless you signed a prenuptial agreement, then she’s getting half!

4. Associated Costs:

There are fees of all kinds when you involve other people. In a divorce, many people from movers to lawyers to new landlords and all sorts of others are going to be involved. It would be nice to think that only you and your wife are going to be affected, but that’s not often the case.

Your Wife Still Loves You

5. Cost of a new place:

Say you are the man, and you end up getting divorced, chances are you are the one who is going to have to move out, and that means you are going to have to pay for a new place. Yes, down payment and all, there will be new costs for you to take on.

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