What happens if spouse loses job during divorce?
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What happens if spouse loses job during divorce?
Getting Fired During divorce, your financial obligations are typically based on imputed income, which is the amount that you should be able to earn with your level of education and experience. The judge will most likely hold you to the level of financial responsibility you would have had prior to losing your job.
Should married couples keep their money separate?
Many financial experts will say that maintaining separate bank accounts, or having a “yours, mine and ours” system is the best way to manage your money in a marriage. “If you have two working spouses, it reduces conflict,” Laurie Itkin, a financial advisor and certified divorce financial analyst, tells CNBC Make It.
Should you split everything in a relationship?
Some experts note that the 50/50 rule doesn’t always work though: “If one spouse makes significantly more than the other, but their expenses are fairly comparable, the split should be closer to 50/50. “It’s important to find a balance between how much each spouse spends and how much they contribute to the household.
