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Know the laws regarding financial support in a divorce

We recently discussed how it is important to think about your financial future when you are going through a divorce. There are two types of support that might be beneficial to consider when your marriage is ending -- alimony and child support.

Both of these types of support depend on specific factors. You would need to have children with your ex if you hope to get child support. There aren't any guarantees that divorce will include alimony or spousal support, since this is a decision that is made on a case-by-case basis.

We know that you might be unsure of what you can do about financial support payments in your divorce. In some cases, the best way to address this issue is to try to come to an agreement with your ex about who is going to pay what. You can do this during the mediation phase of the settlement process.

You must be realistic when you are seeking any type of support from your ex. What you are able to receive will likely be limited to a specific percentage of his or her income. This means that you will almost certainly have to make some changes to how you live your life because your ex won't have to ensure that you can keep the exact same standard of living that you have now.

Understanding the formula used for child support and the points considered for spousal support empowers you in the process. We can help you to determine where you should start negotiations for the financial aspects of your divorce.

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