California men should make wise financial decisions in a divorce

By |2022-04-04T17:07:35+00:0009 Oct 2013|Categories: Alimony, Child Support, Dispute, Family Law, Property Division|

California men should make wise financial decisions in a divorce

When it comes to divorce, movies and television often portray men as either angry or sulking. In reality, divorce is a major life event for both men and women. Machismo aside, divorcing husbands do hurt emotionally. A divorce can hurt the financial side of their life as well.

Family law attorneys and financial planners know that a complicated divorce can be expensive, but there are ways to maintain affordability. One way to do this is by keeping the proceedings as simple as possible. An open line of communication between both parties can lead to better and faster negotiations, easing property division and other differences. This may also help weed out unusual financial circumstances.

The subject of alimony will most likely crop up during divorce proceedings. Instead of resenting the thought, experts advise that a male spouse look at the positive side, alimony is tax deductible. Tax savings can be a great help, especially for a person who is starting a new life. Also, with more and more women being the primary earner, divorcing men should be open to receiving alimony payments.

Moving past the divorce, setting up a budget for one’s new-found single status is a sensible move for divorcing husbands. Of course, the budget may include child support payments, alimony costs or receipts and everyday expenses. Advisors recommend avoiding impulsive financial decisions. Men might think their new-found status gives them the right to splurge but it is best to keep their financial standing as-is for at least six months to a year – enough to deal with the transition.

In general, the financial side of a divorce can be complicated whether one is male or female. However, for Orange County divorcing couples, it is best to remember that disputes can be reduced through legal guidance.

Source: Forbes, “What Every Man Needs To Know About The Financial Side of Divorce,” Hayley Krischer, Sept. 27, 2013

About the Author:

Dorie Anne Rogers - The Law Offices of Dorie A. Rogers, APC
Dorie A. Rogers, a Family Law Specialist, Certified by the State Bar of California, has been an attorney since 1981 with an exclusive family law practice located in Orange County. She is accepting dissolution cases with support and property issues including the use of forensics to ascertain business value, community interests and to establish monthly case flow analysis. Ms. Rogers has substantial experience in high conflict custody litigation involving sophisticated psychological issues. She drafts premarital and postmarital agreement designed to define and establish parties' separate and community property interests. Paternity cases and domestic violence matters are considered part of her practice. Ms. Rogers is a court-approved and court-appointed to represent minor children.Ms. Rogers consults with individuals concerned about entering or exiting a relationship. She advises effective strategies for dissolution or premarital planning. Knowledge is power and good planning affords better results.Specialties: Family Law Specialist, Certified by the State Bar of California
Go to Top