FAQ: Who Pays The Family Bills During A Divorce?
No one ever expects to go through a divorce, but when it happens, the bills don't stop coming. How are family bills paid during the divorce process? This can be a tricky question, but our guide will help you navigate the waters. Keep reading for more information.
When you get divorced, you and your spouse will be living apart. You'll have to pay for two homes, two sets of utilities, and all of the other costs that go along with maintaining a household.
The divorce process can be stressful enough without having to worry about money too. If you don't properly understand how things are going to work financially after the divorce is finalized, it could end up costing one or both spouses tens of thousands over time. This is called alimony in many states but may also be referred to as 'spousal support' if only one party earns an income from employment.
Regardless of what it's called where you live, it's important to have a clear understanding of:
All of these are important questions that must be answered during the initial stages of your case so that neither party makes any unnecessary mistakes later on down the road which can cost them dearly.
Most people don't know their rights when it comes to divorce, and as a result they can end up paying too much or receiving too little. If you're going through a divorce, it's crucial that you speak to an attorney as soon as possible to make sure you're not taken advantage of. The early months after separation can set a precedent for the rest of the case.
Divorce can be a difficult process. That's why we're here to help guide you through the different steps involved from property division and child custody or time-sharing agreements, to alimony and spousal support.