Subscribe to our mailing list and receive tips, articles, and information to help you get your life back on track after the divorce. January 10, 2011 - Nicole Murphy, ex-wife of actor Eddie Murphy, has been facing some financial struggles recently. The 42-year-old mother of 5 is reportedly overwhelmed by her debt.
It's quite common for a woman to face monetary woes following divorce; what makes this story unusual is that Ms. Murphy received a lump-sum $15 million divorce settlement only 4 years ago.
Friends say that her troubles are the result of bad investments she made with her settlement money. She now owes $5 million on her home, over $200,000 to the IRS, and hundreds of thousands to attorneys.
It's inconceivable to most of us how anyone could go through such a large sum of money so quickly, but there's a lesson in this story for any woman seeking a Virginia divorce: It might be wise to seek the services of a financial counselor to help you manage your Virginia divorce settlement or spousal support.
Divorce brings financial changes to a woman's life that she simply might not be ready for. This is especially true if your husband was the money-manager in the family, and you're adjusting to your new financial independence.
After your Virginia divorce, you may be faced with both challenges and opportunities you may not have had before. You might feel ready to take steps in life that require financial investments, or you may simply want to learn how to live more frugally.
There's a lot to be taken into consideration when managing a divorce settlement or spousal support, and sometimes it takes the expertise of a financial counselor to help make the best of what you have.
Contacting a Virginia Divorce Attorney
The decision to file for divorce usually comes at the end of a long and painful journey. In addition to the emotional turmoil involved, there's also a lot of fear and uncertainty about what the future holds. Concerns about children, mortgages, and even just paying the bills or buying groceries can easily become overwhelming.
A Virginia divorce attorney at Hofheimer/Ferrebee can examine the specifics of your case to help you decide how much support to ask for, what child custody arrangement will work best for you and your children, and how to fairly divide your marital assets. Request a FREE copy of our divorce book for women in Virginia, or reserve your seat at our monthly divorce seminar - 757-425-5200.
What Every Virginia Woman Should Know About Divorce is full of thoughtful steps and practical tips that will help you during your separation, divorce, or child custody case including:
-- 20 guidelines for "separation under the same roof"
-- 13 critical factors used to determine spousal support
-- 3 types of property classification recognized by Virginia courts
-- 10 factors your judge must consider in a contested custody case
-- a formula to determine your percentage share of his retirement benefits
-- 38 Financial Records you should be aware of
-- 20 steps to prepare for divorce
-- 7 stages of divorce
-- 40 age-appropriate books about divorce for children
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