Bristle & Yi Law, PLLC

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July 2019 Archives

Financial planning may reduce co-parenting stress

The American Psychological Association has reported that between 40% and 50% of marriages nationwide end in divorce. It is among the most stressful events a person can experience, and it can bring with it financial concerns, especially for couples who have children. Co-parenting after a Virginia divorce becomes much easier if the parents work together to minimize financial stresses.

Keeping separate accounts may not protect funds in divorce

According to a survey conducted by Bank of America, 28% of people in the millennial generation choose not to establish joint bank accounts with their spouses. Members of this generation in Virginia are more likely to keep their financial lives entirely separate than previous generations. Part of the reason may be that technology, including financial apps and services, has made it easier to share expenses, and part of the reason may be that millennials have seen how hard it can be to divide assets in divorce.

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Bristle & Yi Law, PLLC
9200 Church Street
Suite 202
Manassas, VA 20110

Phone: 703-278-2027
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