By Robin Roshkind, Esquire, West Palm Beach, Florida
We all know people who wish to divorce but can’t afford to sell the marital home. That is because many homes today are worth less than the mortgage. Please see my discussion on short sales or call me for more information on this subject. But this isn’t the only issues divorcing couples face today.
There are other aspects of divorce that are also effected by this shrinking economy. For example, alimony. It is better to divorce when a payor spouse has a higher income. It is better to divorce when a payor spouse can afford a higher child support. Division of debt is also a factor, whereby the parties used to come out of a marriage with some assets. Now, many are coming away with just debt from credit cards, mortgages and other sources. Jobs are being lost, and benefits such as health insurance are being eliminated.
However, it may be better to leave the marriage even under these circumstances. If you just can’t take it anymore, as the Nike ad says, just do it. Cut your losses and move on.
For information on how to do that, call one of the attorneys at ROBIN ROSHKIND, P.A. at 561-835-9091 or click on the Firm’s web site at www.familylawwpb.com.