Why finances might be better after some divorces

While divorces involving Florida couples may be devastating, there are some potential financial benefits they can offer as well. Understanding these benefits might help people to enjoy better frames of mind about their divorces so that they can start to move forward.

Money is a big issue for many couples, and arguments about money often lead to divorce. When one spouse is frugal and the other is a spendthrift, the frugal spouse may see large financial benefits following the divorce. By having the freedom to control their money, frugal spouses may be able to save much more money after they are divorced than they did when they were married.

People will also have the ability to start fresh and to reset their priorities. If they have children, their kids may be eligible for more financial aid after the divorce than they might have received before it. People who receive money from their estranged spouses' retirement accounts in their divorces are also able to withdraw it early without the 10 percent penalty that they would otherwise be assessed for withdrawing money before they reach age 59 1/2.

Getting divorced is difficult for most people as it may involve bitter feelings and emotional conflict. It is important for them to be able to view their divorce cases from a logical standpoint so that they avoid making costly errors. With an experienced family law attorney's help, a person may be able to work through the various issues that he or she is facing in the divorce. Attorneys may help their clients to understand the potential financial consequences of accepting certain assets and recommend property divisions that might carry less of a tax burden.

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Rachel Rall, Attorney at Law, P.A.
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Jacksonville, FL 32210

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