Financial Consequences of a Divorce, Part 2

No one likes getting a divorce, but it’s a part of life that many face.  Like life, there are often consequences you could not possibly know of. One of those is most likely financial. The Law Office of Jordan B. Rickards offers top-notch family law and divorce services in New Jersey. Below, we’ll take a continued look at the financial consequences of a divorce. Schedule your consultation today!

Higher Automobile Insurance Or Settlement Consequences

Sometimes, your automobile insurance will increase with just one policyholder, especially if you have an accident on your record. Assets, living expenses, alimony, and more can also cost you financially as part of the settlement.

Finding Health Insurance

Most often, one spouse carries health insurance through their employer for the entire family. When you get a divorce, you may be losing your health insurance, and if your company does not offer health insurance, this can be an expensive consequence.

Paying for Child Care

If you now have to pay for child care due to one spouse having to work or just not having two adults in the home, you may be shocked at how expensive outside child care can be.

Legal Fees

As you know, there are legal costs to a divorce, from your divorce lawyer to filing the paperwork and court costs if litigation is involved. Most likely, both of you will get your own divorce lawyer, increasing the costs, too.

CHOOSE THE LAW OFFICE OF JORDAN B. RICKARDS TODAY

Mr. Rickards has years of experience helping clients in their divorce and family law cases. He spent many years as an assistant prosecutor, so he is no stranger to the litigation process. If you are in New Jersey and are looking for a top-rated divorce lawyer, call The Law Office of Jordan B. Rickards today!