4 Ways to Protect Your Finances During a Divorce

When going through a divorce, it’s important to protect your personal finances as much as possible — regardless of how amicable the separation may be. If you’re not careful, actions taken by you or your soon-to-be-ex during the divorce process could have serious, long-term implications for your credit.

Fortunately, there are several steps you can take to better protect your finances as you go through your divorce.  Read the entire article by Shawn Leamon on NerdWallet.

• In cases where a large disparity exists between the incomes of divorcing parties, courts may order one spouse to pay alimony to the other.
• Aside for the income disparity, several other factors affect the calculation of alimony – including the couple’s lifestyle during the marriage, the dependent spouse’s need.
• The length and amount of alimony are based on many statutory factors, and an attorney can guide you in understanding the process.

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