Evey Black Attorneys LLC
Roaring Spring:

Divorce does not have to come with financial shock

One of the main worries people have when getting divorced is usually related to financial issues. For Pennsylvania residents who think divorce is a possibility or who are about to start the process, divorce does not have to come with financial shock if they educate themselves about their financial status beforehand.

According to a survey conducted by the online marketplace Worthy, there are some issues that tend to surprise people during divorce. These include lack of knowledge about how much it costs to get divorced, how much health care costs and not knowing the actual size of the marital debt, including their mortgage, credit cards and other types of loans. This survey, which focused on women, found that while 38 percent of women over 55 were concerned about retirement over the next five years, only 19 percent of millennial women shared the same concern. It also revealed that boomers were less likely to be surprised about their financial situation than millennials since 23 percent of women 18 to 54 years old left all financial matters to their husbands compared to 18 percent of women 55 and over.

Though the survey's findings related to women, experts' advice remains the same for both sexes when it comes to family law issues, including finances, when preparing for divorce. The most important thing for people to do is learn about their financial state, including the marital and individual expenses, before divorce negotiations begin. This will make life after divorce much easier.

Individuals who are about to begin the divorce process might also consult with a lawyer who focuses on family law and can help them organize their paperwork and documents in preparation for the process. An attorney can explain state legislation and the different options available as well as assist his or her clients with making decisions that will affect their lives after divorce.

No Comments

Leave a comment
Comment Information

Get The Answers You Need

If you have a legal problem or opportunity, we invite you to discuss it with a friend and neighbor here at our firm.
Contact Evey Black Attorneys LLC to schedule a consultation today.

Contact the Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response
Evey Black Attorneys LLC
Hollidaysburg Office Map

Hollidaysburg Office
401 Allegheny Street
P.O. Box 415
Hollidaysburg, PA 16648

Phone: 814-317-6914
Fax: (814) 695-1750
Hollidaysburg Law Office Map

Roaring Spring Office
902 E. Main Street
P.O. Box 5
Roaring Spring, PA 16673

Phone: 814-317-6254
Fax: 814-224-5163
Roaring Spring Law Office Map

Roaring Spring Office Map