Divorce can be quite painful and demanding. It can be hard to make ends meet after the divorce procedure in Singapore because people who are now single may not have as much money to pay their bills, but it's not all bad news. People who are divorced may find these three things to be positive points about their new lives:
Better financial management. When a married couple divorces, it can put an end to their squabbles over finances. No more arguing with your spouse about which budget categories should take precedence; no more begging or cajoling to get them to cut back on the lawyer fees for divorce. Divorce can provide some relief from these financial disagreements. As a bonus, they can use the money they save to accomplish their personal goals, such as paying off their debt or travelling more.
Penalty-free and early access to retirement funds. As per the best divorce lawyer in Singapore, divorce is one of the few occasions where it is possible to take money out of a retirement account without being penalised for doing so. Divorce settlements that include a "qualified domestic relations order" allow for an early withdrawal of funds from the retirement account. A risky move, but one that can give newly divorced people options they wouldn't otherwise have.
Helps you pay for your child's college education. While divorce can be a challenge for kids, college financial aid comes out on top for them after the Singapore divorce process. When you divorce, your income is reduced, but your child may be eligible for more financial assistance. Divorce provides a benefit that many people don't realise: financial assistance.
If you need calming legal advice and counselling for divorce in Singapore, the cost should not be a concern. Contact Lie Chin Chin. They would be happy to assist you further.
