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Concerns about finances often behind a divorce dispute

There are couples in New York and elsewhere that can quickly come to divorce terms with which each party is satisfied. Unfortunately, there are others who will find it nearly impossible to swiftly agree to anything. A divorce dispute may arise over any issue on the seemingly endless list of items that must be resolved in order for the dissolution of marriage to be finalized. Financial matters tend to be one of the major causes of contention between a divorcing couple.

Love it or hate it, money is an essential part of life. It is needed for pretty much everything from shelter, food and other basic necessities, to school expenses, health care and a variety of needs specific to a family’s situation. This is why a financial settlement can be something with which some may struggle to agree.

To help come to acceptable terms, it is helpful to look to the future. There are many questions that a person may need to ask himself or herself, such as: What will my income be like after divorce? How will having to pay alimony or child support change my future monetary goals? By looking ahead at how different settlement scenarios may affect one’s economic situation, it can be easier to decide what is worth fighting for, and what is not.

It is possible to settle a divorce dispute in a way that is fair for both parties. While this may not be easy and it may take time, divorcing couples in New York can walk away from their marriages ready to handle the challenges that follow the dissolution of marriage. An experienced divorce attorney will be able to listen to and understand the goals of the client and help him or her achieve a settlement that best benefits his or her current and future circumstances.

Source: hcplive.com, “Going through a Divorce: What Now, Financially?”, Bill Schu, Sept. 17, 2015