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Visit us at www.DivorceAndYourMoney.com Divorce and Your Money is your guide to avoiding costly mistakes during divorce. Shawn Leamon, Certified Divorce Financial Analyst and MBA, wants to help you learn the fundamentals of how to get a divorce. Whether you are looking for an uncontested divorce, a do it yourself divorce, or an online divorce, resources are available to offer guidance. Through his divorce podcast and divorce blog, Shawn offers his professional opinion on the best ways to handle the end of your marriage. He covers topics including how to file for divorce, divorcing a narcissist, and finding the best divorce attorney. Even tricky subjects such as a “what is a QDRO?” and “is alimony taxable?” are tackled through these venues. If you need to know what the first steps are or what you should do to head to trial during litigation, you can find resources to give you a step-by-step guide to what comes next. Think of his advice as an alternative to divorce support groups where you can find exactly what you need when you need it. He offers one-on-one divorce coaching to give you a solid grasp on the decisions that are bound to affect your financial future. Before you have a divorce decree in hand, you will likely go through some type of divorce mediation. For any spouse saying, “I want a divorce,” you need to make sure that you are getting the financial future you are entitled to. Do not allow yourself to be blinded by the emotional, legal, and financial burden that divorce can become. Instead, take control of your situation with sage wisdom to help all individuals make better financial decisions for their independent future. If you find yourself asking “where are the best divorce lawyers near me?”, Shawn can help you to recognize the best of the best. Whether you need a divorce in Texas, a divorce in Florida, or a divorce in New York, you will have all the knowledge you need to find the best team of professionals to assist you. You can start from a place of being legally separated or once you have already started to file for divorce using free divorce papers or an attorney. No matter where you or your marriage may be in the process, Shawn Leamon has professional advice to offer your unique situation. A simple no fault divorce or a high-stakes power struggle are all areas he has vast experience with during his work outside of Divorce and Your Money. Let his advice be a guide to help you get all that you need for a secure financial future in your divorce records. It will not make a difference whether you are getting a divorce in Ohio or a divorce in California if you are following the basic principles set out through Divorce and Your Money’s divorce blog, divorce podcast, and divorce coaching.
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Jun 13, 2017

This was originally published on Divorce and Your Money here

Typically, the end of a marriage is accompanied by so many varying emotions that it can be easy to lose sight of the end result. Outcomes can be unpredictable, especially in cases that involve litigation or a difficult mediation process. If you are still considering whether divorce is the right path to pursue, you may want to know what you stand to gain or to lose from the split. Is the stress of dissolving your marriage worth the final outcome

What are the advantages and disadvantages of finalizing your divorce? You can find out some of the top pros and cons of divorce below:

You have more freedom to do as you please.

After you were married, you had to check in with your spouse about even the smallest of decisions. Post-divorce, you are free to live your life the way you want to live it, whether that means selecting your favorite restaurant for dinner or planning your dream solo vacation. You gain the ability to spend your money however you like, and live wherever you want in whatever conditions you prefer. There is no longer the need to get permission from your spouse when you want to go out with friends or spend a night on the town.

Not only that, there are fewer holidays to remember. Without your spouse, you can forego an extra birthday celebration each year, ditch the anniversary traditions, and eliminate shopping for a Christmas present for your mother-in-law. Your freedom will know no bounds after your divorce is official.

You may find yourself happier than ever.

Living in a stressful environment can take a serious toll on your emotional and psychological health. Particularly in a situation that involves any kind of abuse, the long-term effects of managing that high-stress environment can be extremely detrimental to your health and outlook on life. When the stressors are removed from your environment, you may experience an increased amount of happiness, regardless of any of the negative repercussions of your divorce. Finding relief from tension and excessive arguing can do wonders for your overall wellbeing.

Your kids may benefit from the split.

In the same way that you may be suffering from the tension of your impending split, your kids will soak up that same toxic environment. Many couples try to keep the marriage alive so they will not disrupt the lives of their children. However, this misguided attempt can backfire. Maintaining a failing marriage can lead to an increase in arguments, tension, and stress throughout the household.

Over time, these circumstances can have the same impact on your children that they have on you. With a divorce in the works, your kids can benefit from the lack of stress and tension that is constantly within the home. They have the opportunity to learn how healthy communication works, even between people who are at odds with one another. As a result, they may find that their future communication skills have increased and that they are happier in the here and now.

Finances will be much tighter than they used to be.

No matter what your finances were like prior to divorce, it is pretty much a guarantee that they will be tighter afterward. After all, covering the cost of maintaining two separate households will be significantly more expensive than your shared marital home. You have to consider the cost of paying twice as much for your mortgage or rent and all of your utility bills. Even spousal or child support may not be enough to cover all of the bills.

After a divorce is finalized, many families slip below the poverty line, due to the onslaught of additional bills and expenses. You may be looking forward to your newfound freedom as a single person, but your finances could limit your ability to enjoy the life you have been dreaming of.

You will have more baggage when you start dating again.

A marriage may end for any number of reasons, but the one guarantee is that it undoubtedly leaves you with some emotional baggage. The items that you will carry with you into your newly single life will need to be dealt with, preferably before you start dating new partners. Emotional baggage from a previous marriage can make it more difficult to find someone. Everyone may not possess understanding or patience while you sort through the healing process. Particularly when there are children involved, baggage can make dating more difficult.

Responsibilities will be yours and yours alone.

When you lose your spouse, you also lose your helper. Maintaining your household becomes your sole responsibility, instead of a shared task split between the two of you. Having one less person to assist with regular chores or maintenance on the home, such as mowing the lawn or cleaning the bathroom, can create more work for you. All of the responsibilities within the home are now yours and yours alone.

Because you are now responsible for all everything that accompanies running your own home, you will have less time for rest. Your household work may require more time during the weekends or evenings that it used to. This change can also limit your ability to go out with friends and enjoy single life, just as your finances could.

The Ups and Downs of Divorce

It is easy to identify that there are a number of pros and cons of divorce, no matter what your unique situation may be. You can look forward to more freedom and happiness in a newly single lifestyle, but it will be balanced with more responsibilities and tighter finances. By knowing what you stand to gain or lose by finalizing your divorce in advance, you can begin to appropriately prepare.

Start processing the things that you are looking forward to doing on your own, and make a plan to relieve some of the stress in your life without your spouse. It is never too early to start  considering the pros and cons of an impending divorce.

Shawn Leamon, MBA, CDFA is the host of the “Divorce and Your Money Show” and Managing Partner of LaGrande Global, with offices in Dallas, New York and Hanover, New Hampshire.

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