In Massachusetts – or anywhere else, for that matter – the fact is that divorces cost money. However, when divorce becomes inevitable, there are certain methods anyone can employ to be more prepared and to weather the divorce process in a more financially sound manner. A few simple financial tips can make a big difference during the divorce process.
The end of a marriage is an emotional time. As such, many individuals have a hard time taking a step back from their feelings of anger, hurt and resentment. However, sometimes these emotions end up affecting the divorce process negatively and costing everyone involved both time and money.
A wise approach, when possible, is to think of divorce as a negotiation. In business, negotiations are all about compromise and tact. Looking at divorce in a similar manner — as the dissolution of a business partnership — may be helpful. Instead of focusing on what an ex-spouse is getting in the property division, many individuals find it helpful to instead concentrate on making sure they themselves secure what things are important to them. This can make all the difference between a lengthy, stressful, more expensive divorce and one that is smoother and less drawn-out (and thus, less expensive and time-consuming).
Another important consideration is securing the right legal counsel. Many professionals recommend securing the best representation possible, as cheaper lawyer fees up front may end up costing far more in the long run when the outcome of the divorce does not go well. Massachusetts individuals considering a divorce would be well-advised to seek the guidance of a knowledgeable family law attorney with proven experience and skill.
Source: seekingalpha.com, “Financial Tips For Women Getting Divorced“, Russ Thornton, July 12, 2017