Before marriage, discuss financial issues such as alimony
Many people look forward to the day when they are finally in position to marry the love of their life. From Virginia to California and everywhere in between, people are married every day of the week. Unfortunately, some couples decline to speak about their finances before heading to the altar. As a result, this comes back to cause issues down the road.
It is important for both parties to be on the same page financially, ensuring that there are no surprises later in life. In the event that one person holds something back from the other, it can have a negative impact on the relationship at some point.
For example, alimony and child support are two financial game changers that must be laid out on the table before being married. If either party owes alimony or child support, it is essential that both people are aware of this. Talking about this type of financial arrangement before marriage can go a long way in ensuring that there is no argument down the road.
The goal is for both parties to be on the same financial page as they start their life together. These conversations are not always easy, but in the end it is something that everybody will benefit from.
Paying alimony or child support can be a big financial burden. Those who feel that they are making payments when they shouldn't be have the right to consult with a family law attorney. This is one way to clear up an issue before getting married and having it cause additional trouble.
The attorneys at HALE BALL MURPHY, PLC can assist with any needed changes that come with divorce (like name change). This includes both traditional legal marriages and common law marriages. Contact our team today for legal aid.
Source: Fox Business, "Headed to the Altar? Discuss these Money Issues First" Dan Rafter, Feb. 04, 2014
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