Kristopher K. Greenwood & Associates
Salt Lake City – Ogden
Kristopher K. Greenwood & Associates

Salt Lake City – Ogden

We Fight To Win

Experienced Divorce and Family Law Attorneys Serving All of Utah

Women often have financial concerns relating to divorce

On Behalf of | Jun 30, 2020 | Divorce

Many people stay in difficult situations because they fear that they will not be able to make it on their own. As a result, numerous individuals remain in unhappy marriages because they worry that they will not be financially stable enough to manage their own affairs. In particular, women in Utah and across the country are often confronted with this concern as they consider divorce.

These financial concerns are prevalent because women often become the primary caregiver to their children, which typically means they do not have an income-generating job. They end up relying on their husbands for financial support, which can work well while a family is together. However, when a relationship turns sour, many people feel that they need to stay due to a lack of income of their own. Fortunately, they can get financial advice to determine their best options for facing this type of situation.

It is also important to understand the legal aspects of this type of concern as well. Commonly, lower-earning spouses are able to obtain spousal support during a divorce that could help them meet many financial needs. Additionally, spouses are often entitled to a portion of retirement funds, and negotiating for those funds could go a long way in adding to financial stability in the future.

It is understandable to have financial concerns when considering divorce because it is such a major change. With the right help, interested Utah residents may be able to formulate a financial plan and legal approach to their case that allows them to feel more in control. Information and assistance could make a substantial difference in the decision-making process.


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