Its no secret that divorces can be expensive. However, there are many aspects of post-divorce life which will also require extensive financial planning and budgeting to manage. The simple and costly math of post-divorce life is that an income which used to have to only support one household must now support two, regardless of the number of people in each. If there are children involved and joint custody was ordered, then the children will likely require duplicates of their larger belongings at both residences. This includes, bicycles, beds, and clothing. Not only are the resources used in this way a financial strain on the already overburdened income, there is also the issue of healthcare, rent, and car insurance.
Utilities and services from the cable or telephone company tend to be cheaper when bundled into a family plan. However, after a divorce, these bundles are no longer applicable and the prices for certain services may go up dramatically. In any case, individual should carefully consider how their divorces will affect their financial earnings.
For further information regarding divorce and more please contact the Fullerton Divorce Lawyers at 714-971-8000. Call today for your free 60-minute consultation!