Plan Your Finances Before Divorce

The person who has to pay alimony and child support, as well as the benefactor need to do a lot of considerations before deciding the final. However, a lot of divorcing people can not do this and end up in deep monetary problems that affect the course of their lives dramatically.

Financial planning in divorce

In an initiative to help in this regard, we provide some of the areas that require careful planning before a divorce:

1. Food: Food is the maintenance paid to the person financially dependent on her spouse at the time of divorce. This can be a big one-time settlement or a monthly payment. When soon to be divorced couples negotiate for food, a lot of problems need to be taken into account as work skills of the spouse who must pay alimony, his educational qualifications, health status, economic status, etc.

When the debtor of food must be prepared to cover all expenses of the spouse. On the other hand, the spouse should make a reasonable request that does not turn its first-to-ex close to bankruptcy. It is a mutual agreement and unreasonable in your application can lead to battles in the classroom that can drain the finances of both parties and also affect the future of children in the family.

# 39, on the other hand, the spouse should make a reasonable request that does not turn its first-to-ex close to bankruptcy. It is a mutual agreement and unreasonable in your application can lead to battles in the classroom that can drain the finances of both parties and also affect the future of children in the family.

2. Child Support: When one of them is employed, the family income is reduced by half when they decide to divorce. If there is only one member of earnings, there is still a financial burden on them because one of them is financially dependent by another person and must pay to maintain two separate households in the form of maintenance. These financial constraints affect not only the couple divorces. It 's a blow to the luxuries of their children.

A look at the investigation will show that there are many children who drop out of school and university, since the custodial parent is able to meet their educational expenses. In addition, over time, non-custodial parent loses contact with his children and does not provide funds for their education and welfare. It is not fair to punish your children for their parents' divorce. So, when deciding on child maintenance, to be generous and to take account of all costs. Make sure it can cover all your child wants and education.

3. Credits: after filing for divorce, you need to close joint accounts to avoid one of the partners to take advantage of others. Since, we are discussing all the regulations, withdraw your savings account and divide it fairly common or in any other manner that is suitable for both. So be sure to close your account in order to prevent the account from incurring debts due to the operations of the spouse.

to himself. It 's a blow to the luxuries of their children.

A look at the investigation will show that there are many children who drop out of school and university, since the custodial parent is able to meet their educational expenses. In addition, over time, non-custodial parent loses contact with his children and does not provide funds for their education and welfare. It is not fair to punish your children for their parents' divorce. So, when deciding on child maintenance, to be generous and to take account of all costs. Make sure it can cover all your child wants and education.

3. Credits: after filing for divorce, you need to close joint accounts to avoid one of the partners to take advantage of others. Since, we are discussing all the regulations, withdraw your savings account and divide it fairly common or in any other manner that is suitable for both. So be sure to close your account in order to prevent the account from incurring debts due to the operations of the spouse.

4. Investments: So when you divide the assets, you need to consider investments in the form of shares, bonds and other holdings. You must also consider the tax due for collection of securities held by divorced couple. However, you can reduce your tax debt to a greater extent if these bonds are structured at the outset. You could contact a financial expert for further assistance in these matters.

5. Loans and Mortgages: When you divide your assets, it is necessary also to take care of debts. Since the income will be reduced as a result of a divorce, make sure that you would be able to make your monthly repayments using the current income. Also, if you are going to inherit the house, make sure that you would be able to amortization of the loan or otherwise, would be treated by your soon to be ex-.

6. Pensions: the deal through, you could make a deal to receive a portion of the pension of a spouse, on his pension. This can be useful in years older, and therefore should not be overlooked.