Second Divorces Can be Costly
Posted on Jul 19, 2012 12:30pm PDT
Divorces can be an experience that is hard and painful, but healing happens
in time. For many however, the second round of divorces is showing that
it may be financially a lot more difficult than the first split reports
Reuters news. After the first split, the following divorces tend to be more financially
straining for various reasons. One major detail being that in the second
divorce, funds may still be coming in from the first divorce settlement;
it is likely they may be fought over. Particularly in the event of the
divorce being contested, the costs can be extremely high. A
contested divorce is considered to be the divorce that is settled in court because the spouses
cannot come to an agreement on their own or with their personal attorneys.
These disagreements are usually over child support, alimony and property
division; which makes the divorce contested.
Another area that can be costly in the split is the loss of retirement
benefits, depending on the state they too can be divided in the dissolution.
Statistics according to the National Center for Family and Marriage Research
at Bowling Green State University in Ohio show that within a one year
period the overall divorce rate for those who have had one divorce is
much greater. In this time period 17 out of 1,000 divorced after their
first marriage and 24 of them divorced after their second marriage. The
financial strain of multiple divorces can vary, but they can also be higher.
As a result of the amounts of money that can be lost in a divorce, it
is vital to have a strong legal representation that understands the laws
of the state and that is willing to fight for you in order to receive
the money that you deserve in your divorce.
Contact Hutchinson Law today for the legal counsel you need!