Divorce changes more than your marital status. It can alter your address, lifestyle, income and how you file your tax returns – all of which raise budgeting concerns for many newly divorced people.
When to Divorce – or Just Separate
It would surprise some newlyweds that there are many similarities between divorcing and separation, namely those concerning parental responsibilities and asset division. If you’re considering both options in your marriage, it may help to find out about these differences first – if necessary, with the help of a family attorney. Then you can determine which choice makes the most legal, financial and logistical sense for you.