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Blog Category:

Divorce

12/29/2008
Charles Hofheimer
Comments (0)

Foregoing Divorce in a Recessionary Economy ? Good Move or Bad Move for Women?

 They say that foregoing divorce in a recessionary economy is the right thing to do, but following that advice could be the biggest mistake you as a woman make both financially and custodially. It is your individual situation that requires analysis, not what "they" say or predict. Thus if you are considering or confronting divorce but are concerned about the timing, a Divorce Protection Plan meeting with an experienced divorce lawyer should be on your high priority list.

What is a Divorce Protection Plan ? I liken it to "divorce insurance"  because a divorce protection plans helps you  to determine whether your opportunity costs favor your remaining in a loveless relationship because of custody or money issues or whether it  favors ending your marriage now because the custodial or financial costs to you could be much harsher in the future. 

You are correct in acknowledgeing that housing prices have fallen dramatically and the stock market has plunged thus reducing the value of your marital assets .But, there are still many potential  bumps ahead which could turn your particular situation from bad to worse.Therefore, you may need to take drastic action now. Or, It may be that you are unfortunately tied to circumstances that must first unfold in order to achieve your desired result.

A Divorce Protection Plan(DPP) is much more than pure assessment of your present circumstances.A thoughtful DPP will help put in place a plan (whether to save your marriage or end it) and provide strategic and tactical decision making to prevent you from making mistakes frequently made in a marriage gone sour. You certainly do not want to improve your spouse's chances of winning custody or obtaining a greater portion of the marital assets by waiting out the recession.
 
So,as the foundations of our economy shift,  you want to make sure that you really understand the factual and legal ramifications of  continuing to live with your spouse in this recession.  





Charles R. Hofheimer
Charles R. Hofheimer
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