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If you are searching for informative and helpful information regarding divorce and family law issues in Alabama, you've come to the right place. Mobile and Baldwin County attorney Jim Jeffries provides monthly posting and updates, including informative articles and helpful reviews on current divorce-related news events. Our firm has more than two decades experience in our practice areas and is dedicated to providing excellent service and skilled representation for each of our clients. We also seek to further the education of each of our clients regarding divorce matters, so check back regularly for more information on Alabama Family Law! 

Tuesday, 18 December 2012 07:18

Financial Implications of Divorce

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I came across this article from the St. Louis Post-Dispatch. It is has some very good advice about the financial implications of divorce. I especially echo the advice regarding both spouses having a complete understanding of household finances. Not only is it helpful in the case of a divorce as this article points out, but it also seems to me to be a foundational communication issue in a good marriage. But, I continue to talk to clients who do not know their household financial picture because their spouse has kept them “out of the loop” regarding income, expenses, assets, and debts. That can be a costly mistake for a number of reasons. Don’t you make it.

I also found this nugget of statistical information that I had not heard before: Average length of a first marriage that ends in divorce: 8.2 years for men, 7.9 years for women, according to the Census Bureau. The eight year itch, I guess.