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Consider moving expenses during property division negotiations

Divorce brings about a great many changes in the life of a Pennsylvania resident. For many, moving out of a shared home and into a new place is one of the biggest changes that will take place during a divorce. That process can be costly, and it is important to consider those expenses while negotiating a property division settlement. Reaching an outcome that allows both spouses to enjoy a degree of financial stability should be a shared goal of every divorcing couple.

Moving is always a stressful process, even when the move is highly anticipated. There are always hidden expenses that arise at the worst possible moment, and costs that were not included in the moving budget. Being able to absorb those expenses is important to a successful move. Among the more common issues that accompany a move are security deposits, appliances and furniture for the new location, packing materials and moving labor. Many people also find that the little things really add up, including cleaning supplies, curtain rods, drawer liners and the like.

There are also costs associated with leaving one's current residence. If the family home will be sold, there may be repair work or updating needed. If the home was rented, then charges could be assessed for any damage done to the property or for breaking the lease term. When packing and moving, few people get through the process without discarding worn-out furniture or decorative items and having to replace those things for use in the new setting.

Being able to fund these expenses often requires access to credit. When negotiating a property division settlement, spouses should be sure that they leave at least one credit card open in their sole name. Having access to an open line of credit can make it far easier to cover the costs of moving into a new home. With proper planning, Pennsylvania spouses can enjoy their move, rather than having another source of stress during an already tumultuous time.  

Source: cheatsheet.com, "Getting a Divorce? Avoid Getting Blindsided by These Unexpected Costs", Sam Becker, July 31, 2017

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