November 23, 2021

What to Consider in Divorce if You Are the Breadwinner

39 minutes

Christopher Melcher is Partner at Walzer Melcher LLP, where he specializes in Family Law and represents clients in complex, high-stakes family law disputes. He is also Adjunct Professor at Pepperdine Law. Christopher is frequently hired by other family lawyers as a consultant, expert, or co-counsel on significant divorce cases in California. He joins Stacy Francis to talk about the breadwinning woman, and the financial considerations she needs to think about if she’s considering divorce.

In recent times, the number of women who are considered breadwinners has been the highest recorded number in history. More women than men are graduating college and, due to societal issues, are taking the lead in their families to earn more. The implications for how this affects marriage are such that marriages with female breadwinners are 50% more likely to end up in divorce.

When it comes to alimony agreements, it’s better to accept them and move on than to try contesting them in court. What that does is increase the amount of money you spend on legal fees and decrease the amount of money you have readily available, ultimately leaving the attorneys as the real winners.

Before pulling the plug on marriage, it’s important to seek advice from a good divorce lawyer and financial planner to prepare yourself for the economic changes that being single again will bring.

Chris recommends having a friend help you put together a team of a divorce lawyer, financial planner, and counselor while you go through the divorce process.

Resources

Christopher Melcher on LinkedIn | Twitter | YouTube

WalzerMelcher.com

Stacy Francis on LinkedIn | Twitter

Email: [email protected]

FrancisFinancial.com

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By Stacy Francis

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