Hecht Family Law
Free Phone Consultation
678-926-9234
X
View Our Practice Areas

How divorce can be good for the wallet

In some ways, getting a divorce may be beneficial for Georgia residentslooking to end their marriages. For instance, it may be possible to get better returns on investments as one spouse may have been riskier with a portfolio than the other would have been. It may also provide an individual with an opportunity to reset their financial priorities overall or swap out a house for an affordable apartment.

One of the largest financial benefits to getting a divorce may be that an individual can spend money how he or she sees fit. It isn't uncommon for money to be one of the causes of conflict in a relationship. Without that other person around, there is typically no need for an individual to worry about where his or her money goes. Even those with a lower income may be able to help secure their finances by making smart decisions.

A divorce may present an opportunity for an individual to take money out of a retirement account. When money is taken out of a 401(k) in a divorce, it may not be subject to a 10 percent early withdrawal fee if taken out correctly. Although some may find using retirement savings after a divorce to be risky, it can also help secure a person's finances after such an event.

When a marriage comes to an end, there may be many financial issues to consider. It may be necessary for parents to pay child support or individuals to make alimony payments to their former spouses. Having the assistance of an attorney may make it easier to create a divorce settlement that allows an individual to resolve the matter in a timely manner. It may also allow for the creation of an agreement that is favorable.

No Comments

Leave a comment
Comment Information
Ask a legal question

Get Your Questions Answered

At Hecht Family Law we understand that this is not only a very trying time for you, but that you want to get what you feel you deserve during the divorce process. We will always keep your end goal in mind.

Ready to rest easy tonight? Take a moment to contact Hecht Family Law. We offer free phone consultations, or you could send us an email to discuss your family law matter today.

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