SederLaw
WORCESTER 508-471-3018
Metro West 508-709-0024

Managing finances after divorce can be challenging

Going through the dissolution of a marriage in Massachusetts can have a wide range of emotional and financial consequences. However, even after the divorce has been finalized, the emotional and financial challenges are not over. A few tips may help with managing finances while coping with the new life changes that follow divorce.

Creating an accurate budget -- one that accounts for all liabilities along with all income -- is an important step following a marital split-up. Part of this is examining one's spending habits to determine if they could use some adjusting. This includes spending on dining out, entertainment and children's activities.

Another important step is to keep planning for the future once the management of daily finances has been mastered. This includes planning for retirement and other important personal milestones, such as opening a small business years down the road. Creating a savings plan to achieve these goals is crucial, as even small amounts saved up can really add up over a period of time. Getting professional guidance from the likes of financial advisors, estate planners and tax professionals can especially make monetary management easier after splitting up with a spouse.

Because divorce can be a stressful ordeal, allowing one's emotions to be a distraction when making important financial decisions can be easy. Unfortunately, this can have negative repercussions long term. An attorney in Massachusetts can provide an overview of a divorce case, help to pinpoint the matters that may lead to the most conflict and then offer the best legal path for pursuing one's goals.

Source: wickedlocal.com, "Finding financial stability after a divorce", Alan F. Auteri, May 9, 2017

No Comments

Leave a comment
Comment Information
Email Our Team

Contact Us Today To Learn More

The skilled attorneys at SederLaw stand ready to handle even your most difficult legal issues. Turn to us for skilled representation to help you accomplish your legal goals.

Bold labels are required.

Contact Information
disclaimer.

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.

close

Privacy Policy

An Impressive Track Record
Of Achievement In The Law

SederLaw

Worcester Office
339 Main Street
Suite 300
Burnside Building
Worcester, MA 01608

Phone: 508-709-0024
Phone: 508-471-3018
Fax: 508-831-0955
Map & Directions

Metro West Office
1900 West Park Drive
Suite 280
Westborough, MA 01581

Phone: 508-709-0024
Fax: 508-831-0955
Map & Directions