Keeping Finances Afloat During a Divorce

Anna Prior

Wall Street Journal

Jon and Kate calling it quits might be the news of the moment, but financial hardships brought on by the recession already have helped make separation or divorce a reality for couples across the country. Yet the recession also is causing some unhappy couples to rethink their marital situation, since a costly divorce would only further deplete already-shrunken assets.

"People are staying in poor marriages because this would be the worst time to file for a divorce since they would get a much smaller piece" of a smaller pie, says Bob Adelman, a Los Angeles-based attorney and certified family-law specialist. According to a survey by the Institute for Divorce Financial Analysts, 68% of the 270 certified divorce financial analysts who responded said they had seen clients who couldn't afford to get divorced because of recession-related financial problems.

Source: http://online.wsj.com/article/SB124614756531665085.html