The dreaded word… DIVORCE! The last thing on your mind and on one of the biggest events of your life is the process of a Divorce! Here is where Nayyars Solicitors aid you, to help relieve the burden!
During the divorce process, one of the main codivorce financial issuesncerns for a woman is her financial survival. Studies show that in the first year after divorce, a wife’s standard of living may drop by almost 27% whilst a husband’s can increase by approximately 10%.
A few factors that contribute towards the drop in the standard of living of woman include child support maintenance not being sufficient enough to cover the true costs of child rearing and the wife note being able to find a job having taken up the housewife role during the marriage. The wife may have lost many important years of career growth in comparison to the husband, therefore making it rather difficult for her to stand on her own two feet after divorce.
By familiarising yourself with the top 5 financial reasons associated with difficulties during the divorce process, you could save yourself a lot of time and possibly, unnecessary heartbreak!