Couple that did not discuss financial matters before marriage quickly ended up divorced

Brooklyn, NY – Financial issues always have a way of becoming a point of focus during marriages and divorces.

CNN published a story regarding the importance of issues related to marriage, divorce, and how a couple’s finances are usually a crucial factor in both life decisions [1].

Woman shares story about how overlooking financial problems led to divorce

The story featured a woman who got married in her early twenties without much discussion about finances, but she wished she had those discussions. She had assumed that because they were both working and had their own incomes that everything would be fine. However, by age 25 their marriage had ended and the process to get divorced and pay off her debts that accumulated by that time took years.

The woman now routinely tells other couples in her community to project where they want to be five or ten years in the future. This can be a good starting point for financial discussions and long term goals.

The important of money issues

Family lawyers and financial professionals have both consistently stated that money issues are one of the most common reasons for a divorce. Even before a marriage ends, many couples will argue over things like finances and saving for months or years. This is why couples absolutely need to discuss their views on things like saving, earning money, credit cards, and how they spend before they get married. A meeting with a financial planner can help as well.

Considering a prenuptial agreement

One of the best forms of protection a person has against the financial issues caused by a divorce is a prenuptial agreement. This document can outline what will happen in terms of property division if the marriage should ever end. However, anyone who is considering a prenuptial agreement should make sure it is drafted by a licensed attorney who is familiar with various state laws. This is because an improperly drafted and executed premarital agreement will not be enforced by the courts.

Any prenuptial agreement should be started well in advance of the wedding, where both spouses can have time to review the document and their finances. This will protect against any later accusations of duress or undue influence, which can potentially cause the agreement to be set aside.

Divorce lawyers in Brooklyn

Elliot Green Law Offices works with those who are having issues with divorce, child custody, domestic violence, or support payments. Their attorneys can provide more specific advice to anyone who needs help.

USAttorneys.com can help people who need to find lawyers in their city or state. Anyone who needs a referral can call 800-672-3103 to get started.

Firm contact info:

Elliot Green Law Offices

32 Court Street, Suite 404, Brooklyn, NY, 11201

718-260-8668

www.elliotgreenlaw.com

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