In many instances of marriage dissolution, people view the woman as the victim and the male as the victimizer. While this situation does present itself, many times both parties are equally impacted, both emotionally and financially. The split can leave either or both parties afraid of what is to come next and how their finances will affect their new life.
Some experts have given men a few tips to help ease stress and alleviate divorce fears. The first step is to know divorce expenses. These expenses can include finding a new place to live, hiring financial advisors, having children or having the party himself see a therapist, and obtaining experts necessary to settle family legal issues.
Second, financial experts suggest men should not feel ashamed to pay alimony. While it may be difficult financially and psychologically, alimony may be tax deductible and can thus help when developing an overall divorce package. On the flip side, men should not be ashamed to seek spousal support from their former wife if it is deserved.
Lastly, men should consider seeking a hybrid child support system. Here, instead of paying money directly to the child’s mother and worrying about where the money goes, the man can seek to pay service providers directly. This way, the parent knows the child is getting exactly what he or she needs.
While this advice is helpful, it only covers a small portion of Family law issues that may arise during a divorce. To ensure a party’s interest is protected and he is getting a fair deal out of the dissolution of the marriage, the party should seek help from an experienced divorce attorney. The attorney can help negotiate property division, child custody, alimony, and child support.
If negotiations fail to lead to a resolution, the attorney will vigorously fight to protect the party’s best interests. Then, when all is said and done, the newly divorced individual can focus on starting his new life in the best financial and emotional position possible.
Source: Forbes, “What Every Man Needs To Know About The Financial Side Of Divorce,” Hayley Krischer, Sep. 27, 2013