Surprises Faced By Women During Divorce

According to MarketWatch women face these surprises during a divorce.

They are mostly financial surprises:

  • Assuming child support and/or alimony would be higher or last longer
  • Assuming they could keep the marital home
  • Being unaware of the total size of their marital debt including the primary mortgage, home equity line of credit, auto financing, credit card debt, 401(k) loans and student loans
  • Not anticipating they would have to return to the workforce
  • The staggering cost of health care insurance
  • Underestimating the cost of getting a divorce
  • More women are paying alimony (maintenance) to their former spouses