Rubinstein & Holz | Family Law Attorneys

It is not always clear who pays the bills during divorce

Divorce is often a complicated matter that can take months or more than a year to complete, especially if the marriage in question involves significant assets. In cases where a couple must take significant time to work out the details of the divorce, it can prove difficult to work out finances in the meantime to make sure that both parties remain afloat and do not suffer unnecessarily or accrue unacceptable debt.

There are a number of options for couples who do not fully know how to address their finances during a divorce. For most couples, it is useful to sit down with an experienced legal professional and discuss their individual financial concerns and identify options. While it is possible to have a court assign financial responsibilities to one or both spouses, it is usually wise to avoid this measure, if possible.

If a couple can arrive at mutual agreement, or if the assets within the marriage are so significant that it is necessary to place some legal constraints around how and when some or all of these assets get used, a court can assign financial responsibility in an official capacity. In many instances, this operates much like alimony, where one primary earner spouse provides for the financial needs of the other while the divorce proceeds.

If you have concerns about your finances during your divorce, do not wait to protect yourself. An experienced attorney can guide you through your financial needs and options, creating a personalized strategy to keep your priorities protected and your rights secure.

Source: FindLaw, "3 Practical Legal Tips for High Asset Divorce," accessed Feb. 02, 2018

No Comments

Leave a comment
Comment Information
EMAIL US FOR A RESPONSE

How Can We Help You?

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

Rubinstein & Holz | Family Law Attorneys

Rubinstein & Holz
1375 Jackson Street
Suite 304
Fort Myers, Florida 33901

Phone: 239-790-4314
Fax: 239-332-5078
Fort Myers Law Office Map