Recipe for Divorce- Don't Discuss Finances

As a divorce/family law attorney, a question I am frequently asked is, "So, what's the main reason couples get divorced?" This is typically at some cocktail party or other social event when a stranger probes into my profession. Then, before I even have a chance to answer, I usually hear, "It's cheating, isn't it." "Well," I explain, "Cheating is a symptom, not a cause." Then I get a laundry list of other "reasons" people believe divorce happens. (Could they be running through their personal list? Possibly, because I usually can point to at least a few people in a crowd that I represented in a divorce at some point...well, I don't actually "point" but I do make a mental note) When I finally pronounce the Cindy Vova assessment of the #1 reasons people get divorced, it is quite simply this....lack of communication! And, if we narrow that field even more so, it is often lack of communication about finances. Now it's official. According to a study released in June by Fidelity Investments, even with couples who thought they communicated well, 43 percent of them did not correctly know how much their significant other earned. Moreover, almost 50 percent of those surveyed did not know how much money they would need to save to keep their lifestyle in retirement or disagreed about the amount, as well as the age that they should retire. (Hint here folks-unless you are really, really rich....it's NOT enough- so you'll be seeing my blogs for a long, long time...) It was the same with social security benefits- nearly 50 percent had no clue what they would get and when (hint: you can look it up on line through the social security administration) So there you have it folks...You can communicate about money, tell your spouse what's going on, and figure out this retirement thing to keep your marriage going strong. Or, you can help me plan for my retirement...! Cindy S. Vova Law Office of Cindy S. Vova, P.A. 8551 West Sunrise Blvd., Suite 301 Plantation, FL 33322 info@vovalaw.com 954-316-3496 For more about my firm, go to: