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Plan for reimbursements and shared expenses in divorce

On Behalf of | Sep 7, 2017 | Divorce

There are some areas of divorce that are more difficult to deal with than others. One of these is the need to handle financial arrangements with your ex. Trying to find ways to handle shared expenses and reimbursements might help to make this a bit easier.

It is important that you have a contract with your ex so that everything is in writing. This gives you something that you can look at when there is a question about who is responsible for what and how the monetary exchanges are to occur. It can also take the guesswork out of figuring out which expenses require sharing or reimbursement.

In your agreement, you need to include information about how calculations will be made when determining what each party owes on a specific expense. This is especially important when you are dealing with sharing expenses, such as shared medical expenses for children or shared extracurricular activity fees. The more information you include about how the situations are handled can help you to avoid having a confrontation with your ex in the future.

You might agree to use a specific app or program to handle the division of expenses, as well as to share information for reimbursements. These might be useful since you wouldn’t have to deal directly with your ex. Instead, you could just enter the information and your ex could handle his or her part.

It is imperative that you think carefully about these matters when you are going through the divorce. Ideally, you will enter this information in the divorce settlement so that everything is all in one place.

Source: Our Family Wizard, “4 Simple Tips for Removing Stress from Shared Expenses and Reimbursements,” accessed Sep. 08, 2017

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