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Financial Costs Men Incur During and After a Divorce

September 17, 2019 0 Comment

Not only is a divorce a life-changing experience because you no longer co-mingle with your partner, but due to the financial aspects that occur. For most men, it is the financial aspects of divorce that most affect them. It is important to think about those costs now in order to better prepare for them when it’s finally time to sign the paper.

Lawyer Fees

No matter what friends tell you, hire a lawyer to help with the divorce proceeding. You may regret attempting the matter alone, especially if your ex has a sudden change of heart and decides to take deceptive actions. Make sure to hire a great men only divorce firm west palm beach to ensure the best outcome of the divorce. Costs to hire a lawyer vary but rest assured it is worth the costs.

Household Expenses

Mortgage or rent, utilities, telephone and cable, and other expenses are now yours to pay alone after a divorce with only one income there. Sit down and budget now to determine the amount of money that you can afford to pay for these things, but do not forget that court-ordered payments may also be initiated in the divorce hearing.

Child Support

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Expect to pay child support if there are minor children in the marriage who you do not receive custody of in the hearing. The amount of child support is calculated by your earnings, the number of children, and other factors.

Spousal Support

Spousal support is yet another type of fee that you may be forced to pay to your ex each month. This is not ordered in every case but instead is reserved for special circumstances, though it’s important to keep in mind that it may be ordered at the hearing.