Every couple may face money issues and decisions at one time or another. When that couple is planning to divorce, those money issues and decisions need to be front and center. Pennsylvania couples may want to contemplate the following matters and how divorce will affect finances overall, so as to be better prepared for life after the split.
The first thing experts recommend is that each party do a credit check. If left unchecked, shared debts can stay the responsibility of each party and adversely affect one person compared to another. Another vital step is to evaluate life insurance plans. In fact, all insurance policies should be re-evaluated to reflect the split.