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Southern Maine Family Law Blog

5 ways to protect your financial future from divorce

As life moves on from the wedding day, budgeting often becomes routine during a marriage. You may have shared financial responsibilities, or left finances up to the more financially savvy person. Perhaps neither of you were ever good at managing your money. That may be the reason you find yourself here, facing divorce.

Everyone knows divorce is expensive. However, it does not have to bankrupt you (and even if it does, it is not the end of the world, we promise!). The following five strategies can help you safeguard your financial future from the overwhelming impact of divorce.

How is spousal support determined in Maine?

You and your spouse divorce, but you worry about your finances as it’s been years since you worked outside of the home. You took care of the children and collectively spent the money your spouse earned. Now that you and your spouse move toward separation, you wonder how you will sustain yourself.

In Maine, spousal support may provide temporary or long-term relief to a non-wage-earning or a lower-ware-earning spouse. If divorce puts undue hardship on a spouse that earns less or nothing, he or she will not be able to provide for themselves or their children. Applying for spousal support allows for a more fair split of assets after a divorce.

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