For an untold number of people, divorce results in financial strain. This may be especially true for parents whose marriage is ending. Suddenly you face the costs not only of finding and paying for a new home; many, if not all, of your children’s belongings may have to be duplicated for each household.
During a time when you need to be focused on emotional healing and moving forward, you may be facing significant financial pressures. If this is your situation, then don’t hesitate to seek help from a family lawyer who can negotiate on your behalf to ensure the best possible outcome in terms of your financial situation. A proactive, creative approach is necessary to reach a fair divorce settlement that protects your and your family’s interests now and in the future.
Elliot S. Birnhoim, founder of MatrimonialHome.com, works on behalf of clients to ensure that their divorce settlement is fair and cost-effective. Reaching a fair settlement requires making certain that matrimonial property is fully accounted for and accurately valued.
Unfortunately, in some cases, one spouse tries to hide assets in order to either reduce or increase spousal support payments. If you believe your spouse is hiding assets, then speak with a family lawyer as soon as possible about locating the property for a truly fair equalization.
Divorce can affect an individual’s finances for years to come, and divorcing spouses need someone on their side to ensure that the value of the matrimonial home and other assets are properly accounted for.
To learn more about dividing matrimonial property at divorce, please see our Divorce and Equalization of Property overview.