Six Nasty Financial Surprises Women Face During Divorce - Laurie Itkin - The Options Lady

[@laurar8486]

Kids are not "plastic" or resilient when it comes to their parents splitting up! It was the worst experience of my life, especially leaving my childhood home and the support I had from my neighbors and school! SMH!

[@bridgettetraveler658]

These lawyers are good, but not very sensitive to feelings of children & spouses who love with their whole heart in a marriage! They're intelligent but a little heartless!!!

[@westerberger69]

she meant to say "elastic", but being the hollow shell of human being that a typical divorce attorney is, she described herself instead.

[@c.t.8856]

I don't agree that sexual infidelity has less impact than financial abuse. Say you are the faithful spouse and you end up with child support for a illegitimate pregnancy or even STDs. Both types of abuse suck.

[@ginaqc78]

Totally agree with you! This is brutal!

[@bridgettetraveler658]

I totally agree with u! Incurable diseases are worse than losing money!

[@dianebarron8362]

I lived with financial abuse and had no idea until this year -thinking about divorce.

[@Janisg616]

13:03 The women who wanted the divorce seem to bounce back pretty quickly. According to statistic in most cases women initiate divorce some 70 to 80% of the times, so they can bounce back faster. Where comes the money that helps those leeches bouncing back so quickly? The poor husband has to financially support two households, and the priory is to keep the lifestyle of the non-employed spouse. In case ex hudand is not a millionaire some women are shocked that alimony is not enough and sometimes they have to get a job after divorce, for the first time in decades, what a terrible surprise. I understand child support, and asset division. But spousal support, especially if the spouse who needs support does not have a job is terrible financial abuse. I wonder how often high earing women have to pay alimony to their unemployed husbands who suffered form substance abuse and gambling. Are those women shocked that they have to pay alimony, so their drug addicted ex husband can maintain his lifestyle and hobbies?

[@LaurieItkin]

I have worked with numerous women who are the primary breadwinners or sole breadwinners. In California they usually have to pay monthly spousal support or they give their husbands more than 50% of the assets in order to pay spousal support as a lump sum upfront. In California we are gender-neutral.

[@AlxndrHQ]

Insightful video. I thought weddings were expensive (they are). But I see they pale in comparison to the cost of a divorce. Sheesh! People definitely need to see this long before even thinking about getting married.

[@CallsItLikeISeizeIts]

Divorce is a racket for lawyers

[@rfry200]

Thank you for the financial discussion about divorce. More good reasons to be very certain about choosing and vetting the right person to be my spouse. Good to discuss an exiting strategy for leaving the relationship before a serious relationship starts. Love the comment comparing condoms to prenups.

[@Simon-vc1wk]

It's can also be a shock to the husband who has to give up what that have built up

[@ridermobilenotary5377]

Kids are not reslitiant as a junior in highschool when you are forced to sell their home and start a new highschool. Grades may go from A to D's, and they are always mad at you , start staying out and arguing all the time. Lies lawyers tell you. Unles your children are in the 4th grade below, your kids will react to the changes for awhile.

[@CallsItLikeISeizeIts]

Or remember and be negativitlity impacted for life

[@ginaqc78]

I don’t agree either than sexual infidelity has less impact than financial abuse as a state before here, money comes and go but the damage in your health, physically and emotionally….. is terrible! You are right they should treated as a criminals if they still money from the other spouse, not because is cover and done to a person is not stealing…..we need better laws and better justice!

[@georgesontag2192]

These women make it look like the woman has a rough go in divorce. The laws and the judge will all favor her. As an example, I tried to remove my divorcing wife from our car insurance. They told me I am responsible for her bills until the judge signs the decree. I was not allowed to drop her from the policy. The judge allowed her to take whatever she wanted fom the savings accounts, if I took anything, it was deducted by my home equity. The judge says she needs it for milk for her babies. The judge gave me 100% of our credit card debt. She was cleared of all of it. The judge said I would have paid it all anyway. Such a deal the female gets. All men should know the truth about how unfair a deal men get in a divorce. 80% of divorces are filed by women. They get a better deal by the judge everytime. Men are finally saying NO to this marriage crap. She cheats but then gets alimony..... what a deal.

[@sparxy1968]

Are you actually kidding that women going through a divorce do not expect that they will need to work once they ditch their husbands? Are people so stupid these days that they have forgotten why marriage is such a great idea!?!?!? I would have liked to believe that anyone choosing a divorce would have thoroughly investigated the implications of that and it is saddening to hear that 60% are surprised by these very basic financial issues in a marriage. And all this when women are heavily favoured in the US family courts. Maybe that's the problem, women are so entitled now they think they will walk away even better off than before.

[@bellesterbeatty3571]

As one who did not expect a divorce, I did not expect all of my retirement, savings, and other funds drained. I'm 70, what do you suggest that I do for a living? I worked and contributed all of my life. Surprise, surprise.

[@scrobag1]

Avoid lawyers. They are predators.

[@joycallender6086]

How rediculous to consider money more imoportant than fidelity!

[@LaurieItkin]

Fidelity doesn't pay bills. That's all I meant. You can't live without money.

[@joycallender6086]

@@LaurieItkin Gotcha. Sorry I was so critical.

[@dianebarron8362]

Does a trust only protect a husband in a divorce even if wife is on it as a beneficiary ?

[@Zricha-n9i]

So, the only way out is leaving this world ?

[@TishaJones00]

Or perhaps just the state or country. Even if you loose all assets you’ve still got your life.

[@patriciavandevelde5469]

Life is a bitch and then you die! Men are a bonus!!!!:they are not worth the hazzle!

[@iRockwthMJ]

Exactly! 🤣

[@gurpreetsandhu8583]

Haha...

[@chrisperkins9563]

It’s sad that this is even a question. I feel you.

[@EBMB21]

Also, if your spouse is a narcissistic lawyer …..the end is bleak, litigation is complicated and forensic costs add to the costly divorce. What do you think of contempt of court in divorces? What is my chance of prevailing with this contempt? What can you say about a spouse concealing assets? How to find hidden assets? Please comment. Thanks

[@LaurieItkin]

It is difficult to hide assets. The tax return often includes clues. Also, if your spouse is a lawyer and works for a law firm or a company, records can be requested by subpoena. If he is self-employed, you will need to get the personal tax return and his business tax return. The business return will need to be examined to see if personal expenses are being run through the business.

[@EBMB21]

Thank you. He controls 49% of his law firm. Wage garnishment orders were ignored. Contempt was filed against him and the firm could be next. We finally received some docs but incomplete. My forensic accountant still needs more to figure out the firm’s cash flow etc etc.

[@CallsItLikeISeizeIts]

Men fight, women run away😊

[@arthurbalcita4851]

What to do when one spouse closing accounts the other spouse is not aware of or do not know? By Amelia

[@LaurieItkin]

I don't know what state you live in but in California when you get divorced each spouse must disclose all assets and debts. If you believe the other spouse is not being truthful, you can ask your attorney to engage in formal discovery.