Separation & Joint Finances: Avoid These Common Errors

Anyone entering the world of separation (and possibly divorce), may be wondering how to manage joint finances during this uncertain time. For some separating couples, finances have always been an individual thing, so transitioning to an independent lifestyle does not have a major impact.

However, for those couples who maintained only joint accounts – and especially for those where one spouse was (and remains) financially dependent on the other, dealing with joint finances during a separation can quickly become a nightmare.

This article summarizes nicely some financial things to consider when contemplating a separation or divorce.

To learn more about how a Divorce Transitional Support Advisor can help you or your client regain financial stability after a divorce, please visit our website.