When you or your spouse brings children from previous relationships into your union, the blended nature of your new family can lead to certain challenges that non-blended families generally do not face. For example, one or more of your children may be the subject of a child custody agreement which binds both that child and your family to a former romantic partner of you or your spouse.
Parenting within a blended family
Don't forget retirement planning after divorce
Getting divorced can have a significant impact on your retirement plan. Studies show that divorced men and women feel less financially prepared for retirement compared to married couples.
Rehabilitating your credit during and post-divorce
You may or may not have paid close attention to the state of your credit score during the course of your marriage. Regardless of whether or not you have in the past, it is critically important that you pay attention to it now that you are either seeking a divorce or have recently finalized one. As you begin to build your financial foundation as a single individual, your credit score will almost certainly impact many of the financial decisions you will be able to make moving forward.
Putting away funds 'just in case' of divorce
Prenuptial agreements used to be relatively taboo. They were often perceived as a safeguard against so-called “gold diggers” and were therefore avoided by couples who believed that their unions would withstand the tests of time. However, prenuptial agreements are now generally considered to be an intelligent legal tool used to both strengthen marriages and protect both parties in the event that an unexpected divorce does occur for any reason.
