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What do women need to know about money and divorce?

On Behalf of | Jan 22, 2023 | Divorce

Each divorce is different, and the ways that the end of your marriage will affect your life long-term depend on the details of your individual situation. As a New Jersey woman, you may be specifically concerned about your financial future after your divorce is final. While there is no cookie-cutter solution for protecting your financial interests during this process, there are specific steps that will benefit all women as they seek the best possible outcome for themselves and their children. 

One important aspect of protecting your financial future is seeking practical and sustainable terms to your financial settlement and property division order. While divorce is an emotionally charged process, it will help to remember that your feelings may not be indicative of what will truly be best long-term. There is a lot at stake, but you can seek terms that will let you feel confident about your post-divorce life. Working with a lawyer with the financial acumen to safeguard your interests is important in protecting your futre.

Helpful financial tips for women 

Safeguarding your financial future is one of the most important goals that you can have for your divorce. Due to inflation and rising costs of living, it is more important than ever to seek terms that will set you up for long-term success. Historically, women have often had a disadvantage while divorcing, but that does not have to be the case for you. Some helpful tips as you prepare for your divorce include: 

  • Be prepared to negotiate on virtually all aspects of your divorce order, including spousal support, child support, property division and more. 
  • For women who have been out of the workforce for an extended period of time, it is crucial to get the biggest share of marital assets as possible. 
  • When considering terms of an agreement, think long-term. Your final order should make sense now as well as long into the future. 

Your divorce will change virtually every area of your life, but a strong financial future is possible. You can benefit from seeking the guidance and support of an experienced professional who can provide you with insight regarding the most effective way you can fight for your best interests at every step of the divorce process and ensure that you do not leave any money on the table. As a woman, preparation and strong negotiating skills are critical aspects of your long-term security.