When parents divorce, agreeing on a child custody arrangement may be the most challenging part of finalizing the split. Families who have worked through this process understand quite well the hardships that come along with child custody arrangements.
Divorce can bring about lengthy financial arguments. In particular, one financial decision that can take a long time to work out is alimony or spousal support. Alimony refers to money paid by one spouse to another after a divorce. Massachusetts alimony laws changed just last year.
Divorce affects a person's life in countless ways. While custody decisions and changing family lives may be addressed most commonly, another important issue requires attention. Divorce can significantly impact one's finances, in particular credit scores.