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Finances and the cause of divorce

34311947_S.jpgCouples in Missouri who decide to get a divorce have varying reasons for doing so. However, a common factor that often arises in divorce is money. According to some studies, money issues are the main reason that many couples decide to go their separate ways.

People who decide to get a divorce may find that there is an additional toll the process can have on their finances. Couples who are considering getting a divorce due to problems with money may benefit from learning about the most frequently occurring money problems and what may be done to solve them.

One way to address marital money problems is to communicate well. Couples who avoid discussing financial issues are highly likely to encounter complications in the future. In some cases, one partner assumes control of most of the financial decisions; however, this can leave the other partner in the lurch if the decision-making partner unexpectedly leaves or dies. The ideal solution for couples is to have regularly scheduled talks about finances. Effective communication is essential in every type of relationship, and individuals who believe that they are not respected or loved may begin to feel resentment.

Another financial issue that can cause discord between a couple is the lack of savings. Statistics indicate that more than 50 percent of families in the United States have no more than $1,000 in savings, and insufficient savings can cause financial stress in a marriage as well as constant feelings of insecurity. Couples who live paycheck to paycheck can experience tension if they have no financial resources to use when an emergency occurs.

A family law attorney may work to obtain favorable divorce settlement terms for clients. Litigation might be used to protect the rights of clients during disputes regarding property division and spousal support.

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  • Saint Louis County: 120 S. Central Ave., Suite 450, Clayton, MO 63105: Clayton Office
  • West County: 16024 Manchester Rd., Suite 103, Ellisville, MO 63011: Ellisville Office
  • Jackson County: 256 NE Tudor Rd., Lee's Summit, Missouri 64086: Lee's Summit Office
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  • St. Charles County: 2268 Bluestone Drive, St. Charles, MO 63303: St. Charles Office
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  • St. Clair County: 115 Lincoln Place Ct., Ste. 101, Belleville, IL 62221: Belleville Office
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  • Sangamon County: 400 S. 9th St., Suite 100, Springfield, IL 62701: Springfield Office
  • McLean County: 1012 Ekstam Drive, Suite 4, Bloomington, IL 61704: Bloomington Office
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  • Monroe County: 116 W. Mill St., Waterloo, IL 62298 (by appt. only): Waterloo Office
  • St. Louis City: 100 S. 4th St., #549, St. Louis, MO 63102 (by appt. only): St. Louis Office
  • Jackson County: 2300 Main St., #948, Kansas City, MO 64108 (by appt. only): Kansas City Office

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