Divorce can affect each member of the family in different ways. In some situations, this impact depends on the personality of each individual and the unique circumstances that surround the divorce. What if we examine only the financial consequences of divorce? What do the statistics say about how divorce affects husbands, wives, and their children?…
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While divorces can be emotionally impactful for spouses in the United States, they can also be financially impactful. In fact, the financial consequences of a divorce can be felt long after the emotional consequences have faded away. Spouses attempt to mitigate financial consequences however they can during a divorce, and they do this in a…
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Most financial experts agree that if spouses are trying to protect their assets from the potential negative consequences of a divorce, one of the best decisions is to set up a trust. However, not all trusts are created equal. How a trust is drafted has an enormous impact on the level of protection it offers…
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