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Muskego divorce attorney asset division

Each year there are millions of people who go through the long and tedious process of divorce. According to the American Psychological Association (APA), around 40 to 50 percent of marriages in the United States end in divorce. Both men and women experience divorce at similar rates, but they do not always experience divorce in the same ways, as women typically tend to suffer the most financially and experience greater financial losses after a divorce. According to a study conducted by the U.S. Government Accountability Office (GAO), women’s total household income fell by 41 percent after divorce, compared to men, whose total household income fell by only 23 percent.

Understanding Your Finances

One of the biggest reasons for the disparity in divorce outcomes is simply just a lack of involvement in or knowledge of the family’s finances. However, there are many reasons a divorce could go wrong, as well as many ways that you could make a mistake. If you are going through a divorce, you should avoid making these top financial errors:

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