In a divorce, it is important to protect your financial interests, whether it is by securing proper spousal support or child support, or by ensuring that your marital debts are equally divided. In the process of reaching a financial settlement it is also prudent to make sure that jointly held debts do not come back to haunt you years after the divorce decree is signed.
This is especially important given the many promises that are made, and even reduced to writing and secured in a court order. After all, people’s financial circumstances could change, and such changes may affect you even though you are no longer married.
With that, there are two important considerations that divorcees should aware of.