While it is no secret that money problems are a major contributor to the divorce rate, few couples recognize that such issues can also complicate the divorce process. Debt and arguments about debt allocation, which often accompany monetarily complex cases, can also contribute to contention. Learn more about protecting your assets and reducing tension in your divorce with help from the following information.
Understanding the Correlation Between Money and Divorce
Many issues can lead to divorce, but research indicates that early arguments over money are the biggest predictor. Part of this is due to the intensity and duration of the fights that typically occur, but experts believe there are other underlying factors. For example, some relationship experts believe that money issues are an indicator of deeper problems, such as trust issues and power in the relationship.
Deeply held beliefs about money and how it should be used, which are usually formed when one is young, may be another reason why money has such a significant impact on the rate of divorce. If spouses experience a major conflict in their beliefs (i.e. one believes money should be used to establish status and the other believes it should be used to help their community), they may frequently argue over how money is spent. Over time, frustration can mount, and the arguments may become catastrophic, perhaps even to the point that couples say things they later regret.
How Money Problems in Marriage Affect Divorce
Long-standing arguments about money can easily find their way into divorce proceedings. Unfortunately, that can add a contentious element to the divorce, and it may also increase the time and money that must be spent on resolving the money-related matters of the case. If this is an issue in your divorce, it is important to remember a few key things:
Contact Our Experienced DuPage County Divorce Lawyers
If money arguments were prevalent in your marriage, do not wait until things become contentious to take preventative action. Instead, contact Mevorah & Giglio Law Offices and obtain the experienced assistance you need now. Our DuPage County divorce lawyers can examine your situation, advise you of your options, and assist you in determining which may be most reasonable and beneficial for you. Schedule your free consultation by calling 630-932-9100.
Whether you are going through a divorce, injured in an accident, need to file a workers' compensation claim, charged with a crime, immigrating to the United States, or need to file for bankruptcy, Mevorah & Giglio Law Offices can help. Our trial lawyers have over 40 years of experience helping clients throughout Northern Illinois from 3 offices in Lombard, Bloomindale, and Naperville.
Steven Mevorah has assembled experienced attorneys under one roof so that his clients need not search for a new attorney each time they need help. Mr. Mevorah has also established a wide network of additional attorneys so that his clients merely need to stop by Mevorah & Giglio Law Offices to find the attorney they need.
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