Some Virginia residents may be surprised to learn that there is usually an increase in divorce filings in the month of January. Even searches on online platforms for things related to divorce, like "divorce party," increase during the month of January, especially the first half of the month.
Financial planning during a divorce
When a person in Virginia decides to get a divorce, that person might want to consult a financial planner or even a certified divorce financial specialist. The latter individual has specialized training in the issues around divorce and money. This may be particularly helpful for individuals who do not know much about the family finances.
Divorce often leaves women vulnerable financially
Working women in Virginia and around the country are often left financially vulnerable by divorce. A study conducted by the London School of Economics reveals that working wives see their incomes fall by an average of 20% following a divorce while husbands earn about 30% more after ending their marriages. This drop in income makes life especially difficult for divorced wives because women generally earn less than men to begin with.
