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Delaying a divorce could help save money


Couples in Massachusetts often have difficult decisions to make as individuals and as a couple. This is true during the marriage and if they decide to dissolve their union. When spouses argue and are unable to agree on many topics, divorce legal issues could present themselves. Disputes and emotions often get in the way of making rational and practical decisions. This could cause a long, drawn-out divorce or it could result in an improper divorce agreement. During the divorce process, it is important that soon-to-be ex-spouses attempt to effectively communicate so they can reach an amicable divorce settlement.

A recent article noted that timing could be essential in the divorce process. Although no one can simply plan when and if they will divorce, if the couple is able to adequately look at their situation and can postpone the dissolution, the two might fair better in the immediate future. Many look at saving money in a divorce as a very important factor.

Some divorcing couples might be able to save a significant amount of money if they are able to delay the process. The holiday season and the end of the year is a common time for couples to struggle with their relationship and choose to file for divorce. A major change could occur if the divorce is finalized before the new calendar year.

For tax purposes, it could be appropriate to delay a final hearing until January. Filing as a married couple or jointly has a lower tax bill than it is to file as two single taxpayers. Depending on how much each spouse makes, they could save thousands of dollars by waiting to finalize their divorce after the clock chimes midnight.

Although saving money is typically desired in the divorce process, effectively delaying the dissolution is not often easily accomplished. No one expects or plans for a divorce to occur when it does, but with the right frame of mind and communication skills, a divorcing couple could properly delay a divorce for their benefit. Those unsure about what steps need to be taken or if their options are adequately assessed should seek out guidance. Fully understanding their situation can help protect their interests and rights.

Source: Huffington Post, "Why Delaying Your Divorce Could Save Thousands," Stann Givens, Dec. 9, 2013

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