The divorce process can be tough for some individuals to navigate. Although times have changed and women are more involved in the financial aspect of a marriage, a recent article points out that women may not be protecting themselves enough. Georgia residents may find some of the information listed in the article helpful if they are facing or considering a divorce.
The article speaks specifically to older women since the divorce rate in older couples has continued to grow throughout the years. While women may be more likely to pay pills and take care of the day to day expenses than in previous years, it was pointed out that women are still less likely to know about investments and any financial planning that has happened. Women could benefit from taking part in the planning so they will be aware of what monies are available and what they can expect should an unforeseen divorce take place.
Couples may expect to life the same type of lifestyle they have become accustomed to while married when in reality their income could suffer as a result of the divorce. This is when knowing what funds are available and having a hand in planning could be useful. It can also prove beneficial when planning ahead when taxes and other things will have to be paid following the divorce.
Any Georgia resident facing a divorce could benefit from having an understanding of the state laws. Having an understanding of what a person is entitled to can help them determine the best way to move forward with any necessary action. Hopefully with the appropriate information, a difficult time can be made easier and a positive outcome can be achieved.
Source: fa-mag.com, Women Need Advisors’ Guidance Before Divorce Strikes, Expert Says, Karen Demasters, Sept. 16, 2013