Divorce can be an emotional roller coaster for some. Not only can divorce be emotional, but it may also be expensive for some Alabama spouses. However, there are ways to make divorce less costly. One way to make divorce less costly is for spouses to rearrange their budgets since they are now in a one-income household. This consists of being honest with themselves on what they can afford on a monthly basis. Before fighting over assets, spouses may want to ask themselves if they are still able to make payments on certain items on one income alone. Another way for divorce to be less costly is to develop a new retirement plan, since assets are usually divided. Divorcing couples may want to change the beneficiaries who are listed on their retirement accounts to someone who is a family member. Lastly, the individuals may want to reconsider life insurance. Spouses usually need to … Continue reading There are ways to make divorce less costly
