Talking about money may help prevent divorce

Widespread stories that between 40 and 50 percent of new marriages will end in divorce can be unsettling for couples in Pennsylvania who plan to marry, but there are steps that they can take that may place the odds a little more in their favor. Divorced couples often point to arguments about money and fears of falling behind financially as among the first signs that their marriages were in trouble, but these conflicts can sometimes be avoided.

Marriages may be strengthened when both spouses are involved in making decisions about money and understand the realities of their financial situation. Spouses that handle these responsibilities alone often feel under great pressure, and spouses who avoid thinking about money sometimes react badly when monetary problems arrive suddenly out of a seemingly clear sky. Spouses who do not communicate openly about financial matters may also be less prepared to handle setbacks and less likely to seek alternatives to a divorce.

The seeds of some divorces are sewn when spouses gives up their jobs to spend more time at home with their children. While parenthood offers many rewards, people used to earning a living and contributing to the household budget may find the transition to stay at home duties difficult. These feelings may be less severe among parents who stay in close contact with their former colleagues and keep informed about developments in their former fields.

Prenuptial and post-nuptial agreements may be another way to help a marriage to endure. This kind of contract may reduce or eliminate fear and anxiety by clearly defining where spouses stand should the marriage fail. Experienced family law attorneys in Pennsylvania may explain the state’s equitable property distribution rules when discussing post-nuptial or prenuptial agreements as well as stressing the importance of fully disclosing all assets before entering into such contracts.

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