Despite the impact of COVID-19, we are open and continuing to meet the needs of our existing clients and new clients without interruption or change in the quality of our services. Please do not hesitate to contact us with any concerns, questions or requests for information about your matter. At this time, due to various requirements, we are scheduling consultations and appointments via telephonic and/or video conferencing.

To help out during these trying times we are offering Free Virtual Consultations. Click here to schedule your Virtual Consultation.

Solving money problems that can lead to marital breakdowns

It is an unfortunate fact that many people in New Jersey will end up divorcing. One of the biggest reasons why marriages fail is money problems. There are several different money issues that may lead to divorce as well as ways that people can solve them.

One common problem that can lead to marriages breaking down is poor communication about finances. Couples may be able to avoid this problem by scheduling regular discussions with each other about their finances. The discussions should be honest and include shared financial goals. Another problem that can contribute to divorce is not having any savings. People who do not have a cushion saved up may be unable to weather difficult times such as job loss or medical emergencies. People can solve this problem by transferring a small percentage of income from every paycheck into a savings account until they have a reserve of three to six months of income.

Keeping secrets about finances may also cause divorce. People who discover that their spouses have been hiding money or debts may feel as if their trust has been violated. People should instead be honest about their finances from the start to avoid this problem. Finally, marriages may end in divorce when the couples have different values about money. People may be able to solve this problem by agreeing to some common financial goals while allowing their spouses to spend or save a certain amount of money as they wish.

People who are unable to save their marriages because of irreconcilable differences may want to talk to experienced family law attorneys. The lawyers may assist their clients through the process and work to make the process as smooth as possible. They might try to negotiate settlements with their clients' spouses in order to avoid protracted battles in court.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Set Up A Consultation, Email Our Firm Today

Bold labels are required.

Contact Information
disclaimer.

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.

close

Privacy Policy

Office Location

100 Southgate Parkway
Suite 190
Morristown, NJ 07960-6465

Toll Free: 800-465-0163
Toll Free: 800-465-0163
Phone: 973-692-6317
Phone: 973-692-6500
Fax: 973-692-6377
Morristown Law Office Map

Paramus Office
140 E. Ridgewood Avenue
South Tower, Suite 415
Paramus, NJ 07652

Phone: 201-597-6100
Map & Directions

Princeton Office
103 Carnegie Center
Suite 300
Princeton, NJ 08540-6235

Map & Directions

Phone Numbers