A Closer Look at the Leading Cause of Divorce

If you ask any divorced individual what caused the breakdown of the marriage, there’s a good chance he or she will mention personal finances. Poor money management and different spending or saving styles are among the most common reasons why couples around Owings Mills might consult a family law attorney. And unfortunately, divorce itself usually contributes to a couple’s financial woes. After filing for a legal separation or divorce , exes must adjust to living on a single income, changing their housing arrangements, and perhaps replacing physical property that the other spouse received in the divorce settlement.

If you’re engaged and you would like to improve the longevity of your impending marriage, consider talking to your fiancé about money management long before you walk down the aisle. When you watch this video, you’ll hear how Jason and Courtney explored their individual and joint finances together before they were married. The financial planner featured here recommends opening “his” and “hers” accounts along with a joint account to reduce the possibility of divorce. Of course, it never hurts to find a good family lawyer—just in case.