About half of all couples that get married fail to make the union last forever. Although no one should get married with the intention of one day getting divorced, everyone should understand the odds are against their marriage lasting and live accordingly. This doesn’t mean loving each other or having completely separate lives. However, when a married person doesn’t have control over their own finances, the work of a Divorce Attorney in South Windsor CT can be much more complicated.
Every married person should know what they own. This includes the things they purchased themselves and the things that were purchased with marital funds. They should also know about all of their debts. Credit cards charges made by one spouse could become a marital debt that ends up divided as part of the settlement in divorce court. Spouses should not allow themselves to be blindsided by these expenses just because their partner pays all of the bills.
People who are serious about ensuring their future and the futures of their children are as bright as possible make sure they are aware of all financial transactions that take place during their marriage. This ensures the other spouse doesn’t make decisions that could be detrimental to the family and that both spouses are aware of where the money is going. Regardless of who earned the money, when a couple is married, the money earned during their marriage belongs to both of them. As a Divorce Attorney in South Windsor CT may tell a client, knowing how the money is spent can make dividing it much easier.
When a person starts to get unhappy in their marriage, they may take steps to secure their own financial future. This could involve setting up separate accounts or purchasing property their partner doesn’t know about. An experienced attorney from Kahan Kerensky and Capossela LLP may be able to uncover these hidden assets, so they are part of the divorce settlement. A failed marriage isn’t the end of the world, and it could actually be a positive experience for those who have control of their finances and are able to leave the marriage with their share of the assets they acquired.