Getting a divorce is a stressful and emotional time for many. Feelings of anger, guilt, or shame can run high, and you may be forced to relinquish assets. However, you may realize that this process was in your best interest once you reap the benefits of divorce! Though it may seem like there are no positives, you’d be surprised at how beneficial separating from your spouse with the help of a Monroe, Louisiana divorce lawyer can be. Keep reading to learn more about the advantages you may find once your divorce is finalized.
Are There Any Benefits of Divorce?
While there are many emotional and social benefits to divorce, some of the most essential advantages you must consider revolve around the financial aspects. When getting a divorce, you may find that this is a financial fresh start. It’s no secret that the catalyst for many divorces is financial issues, and as such, you can regain control of your income. You no longer have to worry about splitting costs with another person, allowing you greater control over your income and how you spend it.
Similarly, you’ll likely discover that you can reap tax benefits. If you and your spouse filed jointly and met the threshold, you likely incurred a higher income tax. However, by filing separately, you can save a considerable amount of money.
Finally, you’ll discover that you may be eligible to reap the benefits of social security from divorce. If you and your spouse were married for at least ten years and you are unmarried at 62, you can collect a portion from your spouse’s social security benefits without taking from their funds. In fact, your spouse won’t even know you are collecting benefits on their behalf. Once you turn 70, you can then begin collecting the full amount of your own benefits.
How Can an Attorney Help Me?
If you’re going through a divorce, it’s essential to enlist the assistance of an experienced attorney. Unfortunately, there are many complexities you must consider when beginning this process, as trying to file on your own may have a negative impact on your financials. If you do not have an attorney to help, you may make errors that can cost you in the long run.
An attorney can help you reap the benefits of divorce in Louisiana by ensuring you receive the benefits you are entitled to while protecting your hard-earned assets to provide an additional layer of security and peace of mind.
At Breithaupt, DuBos, & Wolleson, LLC, our dedicated legal team will do everything possible to help you reap the full benefits of a divorce. We understand how stressful this time can be, so you can rest assured knowing your case is in competent hands. Contact us today to learn how our dedicated team can help handle your divorce.