We know the power of social media to affect our lives socially. But it can also affect us emotionally, physically, and even financially during marital problems, like divorce. By monitoring the amount of time we spend online on social networking sites, we can make divorce proceedings less daunting and easier to manage.
If you find yourself in this situation and feel divorce is your only viable outcome, you need to take the following steps to protect yourself financially.
1. Separate your Non-Marital Assets
The dictionary would define Non-marital assets as property considered by the courts to belong to one spouse or another and that which is not available for equitable distribution. Basically that just simply means they are not part of the assets divided in a divorce.
Going through a divorce isn't easy, and when you have children and custody issues to consider that divorce can become more complex. Fortunately, there are things you can do in order to prevent or reduce problems for arising in the future where custody is concerned. Taking care of custody worries and considerations the right way when you're going through your divorce can make your future as co-parents a better one. It can also be less stressful for your children, who are the often the ones who suffer most when there is a custody battle taking place.
For those who divorce close to retirement, there are some special considerations. Among the biggest concerns is whether one spouse was the primary breadwinner, leaving the other one with little to no savings for retirement.