Tips to avoid financial pitfalls after a divorce
On behalf of Stange Law Firm, PC posted in Divorce on Friday, June 10, 2011. Across the country divorce attorneys are seeing the same patterns: a recently divorced spouse living outside of their means, couples not finalizing property agreements properly and parents fighting for a child’s love through extravagant gifts. However, with some careful planning many of the most common financial pitfalls that are made either leading up to or right after a divorce can easily be avoided. 1. Spending more than is feasible For some there may have been a set way of living with both spouses working. However, with only one income, budgeting will have