How To Lower Legal Fees During A Divorce

Ways To Lower Legal Fees During A Divorce

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Divorce can be ugly, but even the most amicable ones are expensive when you consider the loss of your family’s financial status-quo, potential child support payments, the unavoidable court costs, and the extensive legal fees often involved. When looked at together, too often these lead to financial ruin and negatively impact everyone involved, even the children. While you may not …

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How Credit History Can Predict Divorce

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A Kansas State University researcher (Sonya Britt, assistant professor of family studies and human services and program director of personal financial planning) discovered that couples who argue about money in the beginning stages of a relationship are the likely to get divorced. The study was originally published in Family Relations Journal in 2012 and looked at long-term data from over …

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Divorce and Bankruptcy

Divorce and Bankruptcy

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Bankruptcy and divorce are often linked. Financial problems are cited frequently as reasons for marital issues that eventually lead to divorce. However, recent studies have revealed that it is only the primary factor in a low number of divorces. In some cases, divorce itself can lead to a bankruptcy filing as marital money issues turn into insurmountable debt for one …

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Divorce And Poverty

How Poverty Exacerbates Divorce and Vice Versa

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As more American families are climbing out of the Great Recession and trying to get back on track with regard to their financial situations, divorce rates in the United States resumed their gradual decline since their peaks in the 1980s. The widely mentioned 50 percent divorce rate has already been debunked by sociologists and demographers, but there is a chance …

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Avoiding the Top Ten Mistakes Couples Make During Divorce

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Divorce can be emotionally and financially devastating. The emotions and stress that accompany a divorce frequently cause individuals to make rash and ill-advised financial decisions that have a far-reaching impact on their financial future. Fortunately, it is relatively easy to avoid many of the common financial mistakes that couples make when they are going through a divorce. 1. Failure to …

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