Getting ready for the financial impact of divorce

If you are thinking about divorce, or are currently going through one, you may wonder how separating from your spouse could affect you. For example, it may change your ability to spend time with your child, or you may be looking for a new place to live in Boston, or some other part of Massachusetts. At Kajko, Weisman & Colasanti, we know that divorce can affect people financially in many ways.

For starters, you could be required to pay alimony after splitting up with your spouse. Or, you may be entitled to alimony payments. Either way, spousal support can have a significant impact on your finances and it is pivotal to make sure that you are ready for what the future may hold. Moreover, divorce could result in your being obligated to pay or able to receive child support. Furthermore, your marital property may be divided between you and your spouse, which could be especially concerning, depending on the details of your situation.

Regardless of whether you have children, significant assets, a prenuptial agreement or are dealing with any other factors that could affect you financially, it is very smart to be prepared. By familiarizing yourself with the law and having an idea of what to expect, you may be able to work toward an end result that is more favorable, financially speaking.

If you check out our page on divorce, you can go over even more info concerning the division of marital property, spousal support and other financial issues related to divorce.



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