Divorce often daunting for financial novices

In many marriages, spouses divide duties and tasks. The husband may mow the lawn and maintain the yard and garage, while the woman maintains and cleans the house. Whatever the arrangement, couples tend to work out some sort of explicit or tacit agreement. For many couples, the same tends to hold true when it comes to paying bills and other financial matters.

When a couple divorces, the spouse that has historically taken care of the finances is often at an advantage. Not only does this spouse typically have a better sense of the couple's assets and debts, but he or she also likely feels more confident about continuing to handle such matters on their own.

For those individuals who left financial matters up to a soon-to-be ex-spouse, the divorce process can be especially daunting. For these individuals, a divorce attorney can provide advice and instruction on how to ensure all assets are accounted for. An attorney will also advocate for their client and help ensure that the terms related to the division of such assets is favorable.

For individuals feeling overwhelmed and scared over the divorce process, it's critical to obtain all information related to current assets and debts. Once an individual has a firm grasp on the valuation of assets and how such assets are held, an individual needs to determine how much they'll need to live.

A divorce attorney can assist clients in securing a favorable divorce settlement as well as provide insight and advice related to often complex financial matters. What's more, a divorce attorney can help uncover assets that a soon-to-be ex may try to hide.

Source: CBS News, "Divorce financial planner: 3 common fears," Robert Paglirini, Aug. 23, 2013

No Comments

Leave a comment
Comment Information
  • Rated By Super Lawyers
  • AV Preeminent®
  • Marquis Who's Who
  • Phi Alpha Delta Law Fraternity International
  • American Bar Association | Defending Liberty Pursuing Justice
  • G
Get Answers

Contact Us For The Answers You Need

Attorney Philip A. Greenberg represents clients in New York and New Jersey. To schedule a consultation, call 646-363-6807 or contact him by email. He can meet with you in his Manhattan office or in a location convenient to you.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Philip A. Greenberg, P.C., Attorneys at Law
10 Park Avenue
Suite 2A
New York, NY 10016

Phone: 646-363-6807
Fax: 212-279-0466
Map & Directions