To help, members of Forbes Finance Council highlight 10 of the most critical financial concerns that individuals going through a divorce need to consider. Forbes Finance Council members explore important financial factors to consider when going through a divorce. Be Aware Of Life Insurance DemandsThe spouse responsible for paying alimony and child support is frequently required to provide life insurance to the receiving spouse. Most divorce attorneys ask for a flat amount of death benefit, which is usually woefully low. Consider The Cost Of Future Time ConstrictionsI think it’s important to consider that not only will your income or spendable cash become tighter, but your available time will become more limited as well.

Source: Forbes February 08, 2021 13:07 UTC