When you’re preparing for a divorce, it’s crucial to review your budget and expenses. After separating, most ex-spouses will try to maintain their former lifestyles, only now the same income will need to cover two separate households. How do you manage cash flow appropriately to meet your and your ex-spouse’s individual circumstances?
The goal is to arrive at a fair solution. But remember, ‘fair’ is a relative term and depends on the circumstances. In some cases, it may mean assets are divided 50-50 and in others it could be 70-30.