Where will the money come from?

In divorce, the question you may ask yourself is "Where will the money I need to live on come from?" If separated, you may have funds available from your job (income), borrowing, credit cards, or property assets. Always consult with a skilled family law attorney prior to selling property or assets. You may not be permitted to do so.

When borrowing money to survive divorce, under normal circumstances, financial planners often do not recommend that you go into debt. We realize however, that you may need to borrow money simply to survive. In this case, try to find creditors with the lowest interest rate possible.

Should you be fortunate enough to have friends or family to accommodate you financially, perhaps they will agree to take payments once you are back on your feet. Family loans can be a blessing in circumstances such as a divorce.

If your spouse makes a substantial living and you need support funds you may be entitled to temporary spousal support. If your spouse is unwilling to pay support voluntarily, your attorney may file an ex-parte hearing before the judge to request temporary spousal support.

Lastly, if you have nothing ordered by the court for alimony, you will probably not be able to enforce an alimony agreement. Perhaps a stipulation would be a more solid route in case you needed to enforce the support order.

When facing a divorce with monetary issues, call our office with confidence. You will be glad you called!