While financial assistance provides a lifeline for a financially weaker party in a divorce, it can seriously affect the finances of the payer.
Coping with a divorce can be painful. Watching a very close friend go through something like this, reviewing your entire marriage, and wondering even more when exactly things became irreparable. The problems that divorce brings are not just mental. They are physical – moving, sometimes changing cities, changing jobs, creating new social plans – and also financial. A fresh start doesn’t come cheap.
Alimony is one of the most contentious aspects of a divorce. In this issue of the newsletter, I’ll help you understand what alimony means and how divorce can affect your finances.
understand maintenance
Maintenance is financial support in the simplest sense…
author
Lavanya Mohan
Lavanya Mohan is a chartered accountant and writer from Chennai.
Newsletters+lavanya.mohan@themorningcontext.com
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