Financial Obligations

There are other kinds of financial obligations besides debt.

 

You and/or your spouse may have a rent or lease obligation for a residence or a vehicle, for example.

 

If you have children from a previous relationship, you may have a child support obligation that you have to pay for the next several years. Likewise, if you were previously married and have an alimony obligation to that former spouse, that to is a financial obligation that factors into your pending divorce case,

 

You and your spouse will want to ensure you account for these other financial obligations, as they will affect one’s need and ability to pay support obligations for the spouse and/or children who will be affected by your impending divorce.