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A divorce registry -- Why not?

Most people invited their friends to give then gifts when they get married and have children. However, very few people reach out for help when they may perhaps need it most -- when they're going through a divorce. Even though divorce has lost much of the stigma it once had, many people still view it as some type of failure or something to be ashamed of.

It's certainly not a joyful time that you want to ask your friends and family to share in like a marriage or a new baby. However, for those in your support system who want to help, but just don't know how, there is a unique option that could well grow in popularity -- a divorce registry.

The founders of a honeymoon registry, Honeyfund, have included a divorce registry to their recently-launched crowdfunding site, Plumfund. The registry, which started in March, has over 140 active participants. It provides a way to pool cash donations for such things as living expenses, household items, child care and legal fees. Registrants can detail their specific needs on their registry.

The couple who started Honeyfund say that it was Ariana Huffington, founder of Huffington Post, who suggested adding this registry to Plumfund. Huffington Post has an entire section of its site devoted specifically to divorce.

The time during the separation and divorce process is one of financial uncertainty and sometimes turmoil for many people. Even for people who get a fair divorce settlement, the months leading up to the final division of your property usually involve living on your own or caring for your children alone for the first time. Of course, you should always let your attorney know if you need some financial help from your spouse until everything is settled. However, sometimes that spouse isn't in the position to provide it.

Until you settle in to your new economic reality, some extra financial assistance from friends and family can help make your life easier. Once you're on your feet again, you can repay them in whatever way you choose.

Source: Fortune, "You Got Your Friends Wedding Gifts. Now, Fund Their Divorce," Polina Marinova, April 29, 2016

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