January 25, 2017

Financial Disputes Can Lead to Divorce

Divorce, Divorce Finances

Most marriages are entered into with good faith and with good intentions. Unfortunately, after the honeymoon phase, the daily routine can turn into a daily grind and moral and respect can fall to an all-time low. Many factors might play a part in the demise of a marriage with financial stress being a lead contender.

According to the American Psychological Association, among adults surveyed in August 2014, it was found that 72 percent of Americans reported feeling stressed about money at least some of the time during the past month.

Stress about money also impacts relationships: Almost a third of adults with partners (31 percent) reported that money was a major source of conflict in their relationship.

If your marriage is under immense pressure and a decision to begin divorce proceedings is made, retaining a highly skilled divorce law attorney is a must. Protecting yourself and your assets takes an experienced legal mind and methodology.

Conflict and Divorce

Financial conflict can stem from various sources and can lead to lifestyle habits which are negative and can strain a relationship. Typical sources of financial anxiety may stem from:

  • Business interests going downward
  • Job security in jeopardy
  • Poor financial investment decisions with severe repercussions/losses
  • One spouse unable to work due to illness or injury
  • Burgeoning household/ increasing family members/new children
  • One spouse going back to school full time
  • No emotional support system

When an event like any of the above occurs, the financial strain can lead to a spouse skipping over their medical needs to keep costs down. It can affect sleep, appetite, and general wellbeing, and most concerning for many adults, this stress can affect their behavior toward others. Almost half of participants (47 percent) who have a spouse or partner reported losing patience with or yelling at them in the past month when they were feeling stressed.

Caring Legal Resources

During a time when your relationship with your spouse can cause stress on both sides, turn to a compassionate resource for your legal needs. With offices throughout DuPage County, any of our experienced family law attorneys can keep you navigate the divorce journey, Protecting your needs and assets is our primary function and the lawyers at Mulyk Laho Law, LLC, will guide you through the process diligently and with the utmost of professionalism.