A single parent is solely responsible for the physical, emotional and financial well-being of a child. This is an immense responsibility, and it's easy to see how some Virginia parents may get caught up in day-to-day life and overlook plans for the future. Estate planning is critical for single parents, and they may benefit from using trusts as a way to accomplish their goals.
When people initiate the process of ending their marriage, one of the main concerns they have is about their financial futures. It's normal to have serious misgivings about what the future will look like on one income, and it may take some adjustments to various areas of a Virginia reader's life. Smart money management during the divorce process will lead to a smoother transition to post-divorce financial circumstances.
Not every divorce is acrimonious. Marriages end for all kinds of reasons. Sometimes, you and your spouse just grow apart over time. You may find that you have less in common with each other and that you both want the opportunity to find a more fulfilling relationship.
When a Virginia couple has children, it may make sense for one of the parents to leave his or her career and stay home with the children. In many situations, the mother is one who does this. Stay-at-home moms can provide necessary care for young kids, but these women may face significant financial difficulties in the event of a divorce.