Tuesday, 18 December 2012 07:18

Financial Implications of Divorce

Written by

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.

Resources

mobile-courthouse Mobile County Courthouse
 
baldwin-county-courthouse Baldwin County Courthouse
 

Our Offices

Mobile Office

1706 Dauphin Street (map)

Mobile, AL 36604

251-694-6000

Baldwin County

23315 Pet Drive (map)

Robertsdale. AL 36567

251-445-5522