It’s often the case that women getting divorced become financial victims. This is often due to some misguided priorities, so it’s important that if you’re facing a divorce, you start focusing on empowering yourself – financially. Developing a different relationship with the way you handle money can be difficult. And while it’s important to think about the division of marital assets, it’s also important to think about long-term financial security.
A lot of women turn their attention to alimony. While there’s nothing wrong with this, there might be an issue with obsessing about alimony to the extent that you ignore self-reliance. Remember – you may not receive all the money, and in extreme cases, some husbands try to get out of paying child-support and spousal-support obligations. You also need to remember that alimony can end – often there are set total amounts and durations.
If you’re already working, there might not be as much need for alimony, but if you haven’t considered taking a job, you might want to now, or at least start planning for the reality of it. If you’re getting divorced in your 30s, 40s, or 50s securing a job or increasing your existing income will make a significant difference to your long-term financial plan. This will also ensure that you’re not waiting for the monthly alimony check to arrive.
Part of establishing a life post-divorce is establishing not only self-reliance, but also financial reliance. Depending on your ex-spouse for money is still dependence. Finding an answer to that issue can help you establish the independence and freedom you need after divorce. So, if you’re facing a divorce, take this time as an opportunity to claim your own financial power. It might be the best “wake-up” call you’ve received yet.
Source: ABC News, How Women Can Keep From Making Themselves Victims in Divorce, September 4, 2014
Law Offices of Korol and Velen, Certified Family Law Specialists
6300 Wilshire Blvd., Suite 1430,
Los Angeles, CA 90048