Foster Hsu, LLP Foster Hsu, LLP - Divorce and Family Law Attorney

Money matters and how they affect divorce

A couple that is struggling financially may be more prone to fights and disagreements. Money is one of the leading causes of problems in a marriage, and often, those issues can carry over during a divorce proceeding. Many people believe that adultery and behavioral problems are the reason their marriage is ending, but in reality, it is probably more likely that money is to blame.

Divorce experts say that two of the leading causes of divorce are money problems and communication problems. It is easy for a California reader to see how those two things often relate. Lack of communication between a couple may mean that they have not discussed important things such as financial responsibilities in the marriage and taking on additional debt.

People sometimes feel uncomfortable talking about money, even with their spouse or their partner. Often, one spouse doesn’t even know what the other spouse earns or what types of debt he or she may have. This is complicated for a marriage, but it can be especially complicated during a divorce. It makes it difficult for a person to pursue a comprehensive division of marital property or spousal support agreement.

The process of ending a marriage will bring financial changes to both parties, which is why it is especially important for a California reader to pursue terms during his or her divorce that are appropriate to the circumstances, reasonable and sustainable. It is also helpful to seek the assistance of an attorney who can investigate the situation and gain a better understanding of the financial standing of both spouses.

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