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New York Divorce Blog

Blog 2022 December Managing Money in Your Divorce!
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Managing Money in Your Divorce!

Posted By Lois M. Brenner, Esq. || 14-Dec-2022

Money for most of us is an emotionally charged topic. That’s why few of us, and few couples like to talk about it. When couples come to see me and are considering a divorce, money can actually be, yes, even more than infidelity, what is driving the couple apart.

Money can represent many things. Money is love, happiness, security, control, freedom and lots more. When couples fight over money, usually deeper issues emerge. Many couples find themselves fighting over money. But I also find that underlying issues that have been long neglected have come to the forefront and money has become the vehicle for battle.

For most of us, there’s just never enough money, especially these days. We don’t realize when we enter into a romantic relationship, there is often a third party. A silent partner. It’s money!

Before marriage couples discuss where they are going to live, children, careers, and what side of the bed to sleep on, but never money!!

Money is still a taboo topic. Some people have anxiety, guilt and even shame about the way they handle money. Do you really want to tell a potential spouse you’re an over spender? Not exactly the topic of discussion you want to have before you are walking down the aisle. Most people have complex relationships with their money. We usually learn about money from our families as we grow up and the lessons learned can be very different.

When couples enter a marriage, and have different money styles, they can actually battle and suffer together for years. As the marriage erodes and things begin to explode, that’s when they come to see me.

Usually by that time it is already too late. Divorce is on the horizon and inevitably money will be the nucleus of the divorce conversation.

The United States is a nation of overspenders. We live in a market economy and we are led to believe that we are good citizens when we agree to spend our money, lots of it. So much so that we as a country and as individuals are in massive debt, especially now! Because many of us feel alienated and disconnected, especially with the topsy-turvy world we have all been living in, we tend to overspend to fill an emptiness within ourselves.

If we are not overspending, then we are usually worrying about money or hoarding it. For those who have recently lost their jobs, money is scarce and some families are living in fear and couple’s are fighting due to frustration and lack of money. Money is a complex focal point in many of our thoughts, especially right now.

Men and women also have different money styles. What sets women apart from men is the different situations women will find themselves in during their lifetime. Women live longer than men. They usually have been in and out of the work force. When women marry they often become part of a financial dependency that can work against them if they are not prepared, although that has been changing.

Women are primarily the ones who raise the children, and often become the single parent raising the children. Women usually care for aging family members. A woman’s healthy relationship with money is vital in handling all the responsibilities and difficulties she may face.

So are money issues moving you toward a divorce? Get in touch with your money issues before you make important decisions in your life and in your divorce.

If I can help you and your spouse get in touch with how to settle money issues if you are thinking about divorce call me, I will be happy to share amicable solutions. Using mediation as your divorce method will also save you money. Why spend your family’s money on attorneys and court battles?

As a highly experienced, psychologically trained divorce attorney and mediator with more than 35 years of experience, I can guide you on how to manage, and protect your money during the divorce process.

All our FREE 1 HOUR CONSULTATIONS are still available virtually.

We still have some appointments available for this week.

I look forward to empowering you to make the right money decisions in your divorce!

Warm regards,

Lois

If you are thinking of divorcing call New York Divorce Attorney Lois Brenner to discuss all your financial concerns now and schedule your Free 1 Hour Consultation.

212.734.1551

Categories: Finance

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Lois M. Brenner, Esq.

Lois M. Brenner, Esq. New York Divorce Attorney 12 East 86th St,
Suite 1230,
New York, NY 10028

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(646) 663-4546


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