After the first few years following divorce, the standard of living for both spouses usually drops. During the marriage, both incomes were supporting one household – now they are supporting two.
Divorce is a stressful situation; however, there are ways you can prepare yourself for your post-divorce financial future.
· Develop a budget on necessities
· Decide if you can afford to keep the house
· Check into financial accounts, such as retirement, bank, real estate
· Understand your financial needs
· Investigate your pension plan
If you are going through a divorce and need help with financial matters, contact an experienced Orange County Family Law attorney who can help you from making costly mistakes regarding your settlement.
