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Divorce can be difficult from a fiscal standpoint

On Behalf of | Jan 14, 2019 | Divorce

Getting a divorce can be worthwhile for an Arizona spouse who’s in a toxic or abusive relationship. It can also be a good decision for someone who’s simply ready to move on with their life. However, money can play a role in determining when to actually go about ending a marriage. At a minimum, it can be difficult to make ends meet on half the money that used to be available to cover household expenses.

When a person chooses to get a divorce, it may require the help of many different types of professionals. A therapist could be necessary to deal with the emotional fallout while an accountant may be needed to handle the financial impact of the separation. In addition, an attorney is often necessary for navigating divorce-related legal issues.

There can be many issues to resolve when it comes to who keeps the house. Even if the plan is to sell it, market conditions could dampen demand for the property. Buyers who know that a seller is eager to unload a home aren’t going to offer as much for it. If a person chooses to keep it, it may prove too difficult to maintain a home with less money.

The end of a marriage can be an emotional time and represent a period of adjustment for adults and children alike. Therefore, it is generally a good idea to go through the divorce settlement process with the help of legal counsel. Having an individual who may offer advice on an objective basis could make it easier to make decisions based on facts as opposed to emotions. This may result in a timely and civil divorce settlement.

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