When searching for divorce advice, it quickly becomes apparent that the vast majority of online resources are geared specifically toward the specific needs of women. There is a relative paucity of advice issued directly to men who are facing the end of their marriage. One recently published article reaches out to men who are approaching this pivotal life event, and offers tips and guidance on how to weather the Colorado divorce process and move on to new goals.
One of the most valuable tips given involves the financial aspects of a divorce. It is imperative that men gain a full understanding of the divorce process and the likely financial outcome before filing. As with any other significant life event, preparation is the key to success. The first step in this process is sitting down with a divorce attorney to outline one's scenario and determine a working estimate of the cost of the divorce.
This includes the estimated legal fees that will apply, as well as the financial losses that may come through the process of property division. In addition, it is important to factor in alimony and child support payments, where these costs apply. By having a solid understanding of one's financial standing both before and after divorce, it is possible to create a financial plan for the years ahead.
By taking the time and effort to understand the financial aspects of a divorce, men in Colorado and elsewhere can use that information to structure a budget that suits their unique needs and goals. Divorce does not have to equate to financial turmoil; it is possible to move through the end of a marriage with a significant portion of one's wealth intact. With the proper amount of diligence and planning, men can emerge from divorce in a good position to move into the next stage of their lives.
Source: The Week, 8 financial tips for men getting a divorce, Hayley Krischer, Sept. 30, 2013