Plumides, Romano, and Johnson, PC

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Financial issues for divorced women

July 17, 2018

Financial surprises are likely to be in store for women in South Carolina who get a divorce. A survey of 1,785 women showed that for 46 percent of divorced women, their divorce resulted in unexpected financial developments.

The survey asked the participants about their roles regarding the financial matters in their marriages. Some of the women stated that they relinquished all of the financial responsibilities to their spouses; this means that the husbands were solely responsible for earning an income and handling the couples’ investments and bills.

The survey results showed that it was the younger women, not the older women, who had a greater likelihood of letting their spouses handle all of the financial issues. Eighteen percent of the women who were at least 55 years old stated that they left their husbands in control of the finances while almost 23 percent of the women who were between 18 and 54 years old stated the same.

The majority women of all ages stated that having just one income was their primary financial concern when it came to being divorced. The costs associated with getting a divorce was the next most concerning financial issue.

There was a distinction among the age groups when the survey participants were asked about their focus for the financial future. Thirty-eight percent of the women who were at least 55 years old were seriously concerned about their retirement years. This percentage dropped by half when millennials were questioned.

A family law attorney may assist divorcing clients with obtaining the divorce settlement terms they desire. The attorney may engage in litigation to protect the rights of clients during disputes regarding the divorce legal issues, such as the division of marital property, the amount of child support and the duration of spousal support.

Recent Posts

  • What Are Your Rights When Your Spouse is Abusive? Domestic Violence Protective Orders (50B)
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  • You’ve Decided to Divorce – Now What? Handling Your Finances
  • Taking the Concern of Money and Property out of your Marriage: Why you should consider a Pre-nup and Post-nup Agreement
  • You’ve Decided to Divorce – Now What? Children, Custody and Visitation.

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What our clients are saying

Mr. Romano is an amazing family law attorney.  He has been my attorney for over 5 years and I have never been disappointed.  His experience and expertise in Family law, in my opinion, supersedes all others in the field.  Mr. Romano and his team are very knowledgeable, thorough, professional, and personable. I highly recommend Mr. Romano and his team without reservations. If you're in need of a Family law attorney, Mr. Romano is your guy!
-Ivette C
You never know all the questions you should ask so it was a blessing that they listened and provided plenty of recommendations as well as assisted with claim, deeds etc. They know what to expect and provided a service without being pushy and will go at a pace you want and explain the laws so that you can understand all the legal speak.
-Paul S

CONTACT US

You deserve to have a skilled legal advocate on your side who will protect your best interests. We will do just that.

To schedule a consultation, please call our office in Charlotte at 704-333-9900, or contact us online. Plumides, Romano & Johnson

2115 Rexford Road, Suite 320 Charlotte NC 28211
704-333-9900
704-358-0536

 

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704-333-9900
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2115 Rexford Road, Suite 320 Charlotte NC 28211

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