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Archive for Alimony and Co-habitation

Is Your Spouse Hiding Money from You?

Some hidden or undisclosed behavior may draw a red flag when it comes to one’s spouse and the prospect of infidelity.

Maybe they checkout from a communication perspective, ignoring or drifting off into their own world when you’re attempting to have a meaningful conversation.

In a similar vein, your spouse can also become difficult to reach when they’re away from home on a business trip.

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Splitting Finances in Your Marriage

There’s a saying in journalism regarding prioritizing stories that “if it bleeds, it leads.” This is true for money in any relationship, particularly in your marriage.

Finances are often a source of friction between spouses. These issues can stem from a disparity in income which then creates a divide.

If you are not constantly communicating, problems could be on the horizon.

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Untangle Alimony

alimony-money-1Divorce can cause a significant money crunch. You’re off on your own; you may need to find a new place to live,of course that place will need to be furnished, the lawyers you hire to handle the legal paperwork are a necessary component. However, their services can cost a pretty penny. While these changes are inevitable, they hit one’s bank account. Just when you think you’re starting to settle into your new state of existence, that monthly reminder of your recently departed marriage hits you and your cheque book hard.

Alimony or spousal support is aimed at aiding the transitional period after divorce. This makes sense on many levels given that any number of financial and career-oriented arrangements may have been agreed to before or while married. One shouldn’t be unapologetically thrown to the wolves because the other decides he/or she wants out. This scenario is further exemplified when innocent third parties i.e. children are thrown into the fray. Read More→

Marriages are a Lot of Work

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Marriage is a lot of Work

A marriage is always changing an evolving and its so important to stay well connected to each other. Its easy to become distracted or preoccupied but in doing so it begins to develop cracks in the relationship. You need to listen to your spouse and also listen to what he or she might not be saying. Pay attention to the moods and vibes of the relationship. As soon as you feel things aren’t right then it is essential to begin talking to each other without any distractions. If things still do not improve then it is critical that you both attend marriage counseling.

Its much easier putting the time and energy and cost into each other in an effort to salvage your marriage than it is going through a divorce and starting all over with someone else only to realize that they will have a whole set of other problems and downfalls that your spouse did not. The grass is not greener on the other side. Sure someone else might have that 15% that your spouse does not have however that new individual will be missing a lot of good qualities your spouse had.

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Financial Understanding

money-blurredWhen a couple enters into marriage, one of the frequent discussions and/or subesquent  understandings they may come to focuses on financial responsability and how that relates to professional aspirations, how income will be allocated etc.  Part of these sticky but ultimately fundamental debates may center around career goals (earning potential) versus  the educational cost in dollars and time required to reach that point.

Digging deeper, you may discuss the types of things one does or doesn’t prescribe value to. As an example, you may prefer to spend money on things that offer convenience and comfort in your daily life over temporary luxuries. In other words, you would rather dish out extra cash on items such as clothing, furniture, vehicles, appliances, groceries than spend on going to events, dining out, or going on extravagant vacations. Conversely some may prefer the value of said experiences and thus be willing to limit spending in the daily in order to save and splurge on special occasions such as vacations etc.

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