How to remain financially healthy following a divorce

On Behalf of | Dec 27, 2021 | Divorce |

One of the biggest challenges that comes with divorce is figuring out how to begin living on one salary instead of two in Missouri. Fortunately, it is possible for divorcing individuals to confidently make the financial leap from married life to single life. Here are a couple of tips for remaining as financially secure as possible following divorce. 

Handling expenses and seeking support 

Individuals who are going through divorce would be wise to reduce their expenses moving forward. Unfortunately, many divorcing individuals are tempted to try to maintain the lifestyles they had before getting divorced. The reality is, divorced individuals may not get everything they need or want after divorce, so it is crucial to make adjustments accordingly after reviewing their expenses, resources, liabilities and assets.   

Divorcing parties may also want to seek financial support as they proceed with their divorce proceedings. Impartial financial advice can come from financial planners, for example. Although family members and friends may be able to offer financial guidance as well, it is better to depend on them for love and emotional support instead. 

How to best find help and support for these situations 

An attorney in Missouri can help a divorcing individual to address financial matters such as asset distribution and spousal maintenance at the negotiation table with the goal being to achieve a comprehensive settlement with his or her future ex-spouse. However, if attaining a settlement is not possible, one’s attorney will be prepared to litigate such matters at divorce trial. Either way, the primary focus will be on achieving an outcome that suits the client’s best financial interests long-term.