When a couple in California decide to follow through with getting divorced, they may initially think that their decision will only affect the two of them. However, divorce often has a ripple effect in the way it impacts the people closest to the divorcing couple. Children in particular face a unique set of challenges that result from their parents' decision to separate.
One of the aspects of a person's life that is most significantly affected by divorce is undoubtedly finances. Because a couple must meticulously separate all shared financials and assets, it often leaves both of them with much less than they had before. Subsequently, statistics show that parents who get divorced often see a noticeable decrease in the income they are able to acquire. At least until enough time has passed that they are able to begin rebuilding their financial foundation.
Planning ahead for the educational opportunities of a couple's children may be complicated when money is not as available as it once was. Experts recommend that couples share the responsibilities of maintaining financials during their marriage to decrease the impact of having to maintain their own finances if a divorce occurs. Parents can sit down with their children and discuss how their divorce will impact the family as a whole. They can create goals for their children's educational success and begin working immediately to secure their future.
If people are working toward divorce and are unsure of where to begin, an attorney may be able to provide needed insight and direction. With their experience and educational background, developing a strategy for getting through a divorce with minimal aftermath may be more likely.
Source: Deseret News, "Family income goes down after a divorce. What does this mean for kids' education?," Amanda Olson, May 18, 2019