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Pressing through the financial issues during a divorce

Making ends meet today can be pretty tough. It usually takes two incomes to live reasonably comfortably, so when a Connecticut couple makes the decision to divorce, looking at the financial picture is a necessity. Most likely each person will be moving forward independently on one income and that means the more knowledge each has about the law and finances, the better.

In a divorce situation, assets as well as debts must be divided. Often deciding who will be responsible for what debt is more difficult than dividing assets. A rundown of what is owed and to whom is necessary for the couple to be able to manage their debt and their finances independently. Obtaining independent credit reports might help the process and any debts that can be paid off, should be. 

There's no escaping tax issues either during the divorce process. There are many things to consider such as who will get exemptions for dependents, who gets to claim for head of household, child support deductions. Changing have been made to various tax rules under family law and getting an attorney's advice is crucial.

The best foot forward when it comes to finances in a divorce scenario is to get the advice of a Connecticut lawyer. He or she may also be able to put a client in touch with other experts who may be able to help such as accountants and financial planners. Divorce can be a difficult time for everyone involved, so taking one issue off the plate may be conducive to having less stress in the long run, especially where debts are concerned. 

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We Listen, We Help, We Care

  • Hi Yuliana and Attorney Prince, Thank you so much for taking time out of your busy day to meet with me. I really appreciated how compassionate you were while listening to my situation, even through my tears. Thank you so much for sharing such valuable information with me. I left feeling very hopeful that when the dust settles, I’ll be ok.
  • Wendy helped guide us through a very difficult and emotional process and was really able to provide an even and fair account for both parties. It's quite evident in her expertise in this area but the way she was able to make you feel safe and secure in a very insecure time goes far beyond her legal prowess. If the two parties are really willing to cooperate and collaborate, she's there to help gain the best possible solution for all involved, especially if there are children.
  • Regardless of how committed one is to the fact that divorce may be imminent and necessary, it is truly one of the most emotional and stressful situations one can experience. It can also be daunting. Wendy has a remarkable ability to cut through the noise and help you focus on the big picture while drilling down on what is most pertinent to your particular situation., they are a formidable team who work collectively with your best interests in mind.
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