How Women Get Screwed in Divorce
Prefer watching to reading? Check out our youtube video on the same topic!
Divorce is not an easy, pleasant, or stress-free affair.
To make matters worse, after a divorce a woman can expect her quality of living to go down 72% percent, while a man’s quality of life increases by 10%.
We don’t let that happen at the Egan Law Center.
One crucial way to help women get the financial security they deserve in a divorce is to have the woman round up all her finances in order, from her savings and expenses to all her bank account passwords and credit report. It’s important to get a good picture of your family’s financial situation and what assets and debts you and your husband have accrued separately and jointly.
Child support is only meant to cover the most basic living expenses for your child/children. And since 82% of parents with child custody are moms, the mom is often the one who has to pay for all the expenses for their child that go beyond the basics. This is why it will be extremely financially beneficial for you to go through every anticipated expense you expect to pay for your children, such as soccer club or college tuition, and figuring out a plan with your ex-spouse while you have an attorney on your side.
Attorney aside, if you are receiving alimony it may be in your best interest to consult with an accountant. Women are often on the receiving end of alimony, but while the payor gets a tax deduction, the recipient must pay taxes from their alimony. Although your attorney is well versed in the laws governing alimony, having an accountant who can figure out how much money will be withheld can be very helpful. With that being said, you should aim for alimony at a percentage higher than your income tax rate, so you get the appropriate amount of alimony you deserve.
Source: https://hermoney.com/connect/marriage/how-not-to-get-screwed-in-divorce/
The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser; the ABA and its members do not recommend or endorse the contents of the third-party sites.
Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter. No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client relationship between the reader, user, or browser and website authors, contributors, contributing law firms, or committee members and their respective employers.
