When it comes to divorce advice, the vast majority of information available in print or online seems to be geared toward advising women on how to move through the process of ending their marriage. Very little is written explicitly for men who are facing divorce, leaving many to interpret more general guidance for use in their own divorce scenarios. One recently published piece speaks directly to men in Georgia and across the nation who are approaching a divorce, and gives a wealth of advice on alimony, as well as how to come to terms with this significant life event.
Perhaps the most valuable tip given involves adjusting one’s attitude concerning alimony. Many men become bitter and angry at the prospect of making payments to one’s former spouse, often for long after the marriage has ended. If it is not possible to accept these payments as compensation for the time and effort that one’s former wife spent raising shared children or caring for the family home, then perhaps there is another way to accept these costs. Alimony payments are tax deductible, and when implemented into an overall financial plan, can help offset one’s tax obligations.
On the flip side, more and more men are eligible to receive, not pay, alimony or spousal support. If you spent a portion of the marriage supporting the career goals of your soon-to-be-ex, or stayed home to care for the kids for a period of time, it may be possible to ask for alimony. No one should be too proud to accept spousal support that they are entitled to, so if any of these conditions apply, be sure to explore the option with an attorney.
When considering alimony and any other challenges surrounding one’s Georgia divorce, it is important to keep the matter in the proper perspective. While financial losses may be unavoidable, divorce offers a chance for a fresh start. Taking advantage of financial planning services and advice to restructure one’s financial future can lead to far greater stability in the years to come. In many cases, men find that they are better situated in the years following a divorce than they ever would have been had they remained within the marriage.
Source: The Week, 8 financial tips for men getting a divorce, Hayley Krischer, Sept. 30, 2013