Don't Make These Common Divorce Mistakes
It can be quite emotional and challenging when going through a divorce, which can cause people to make mistakes along the way. However, mistakes made during a divorce can have long-term consequences that you have to deal with. That's why it's important to know the following mistakes to avoid.
Mistake 1: Not Preparing Financially
It's important to have a clear picture of what your financial situation will be before and after your divorce. This includes knowing what all your current assets and debts are, as well as your income and expenses. This information is crucial to coming to an agreement with your spouse about the terms of the divorce since you do not want to get less than you deserve and end up with less than you need.
Mistake 2: Letting Emotions Get In The Way
Divorce is incredibly emotional, but it's important to keep your emotions out of mediation and the courtroom. You do not want to do anything impulsive and in poor judgment, especially when it comes to any decision-making. If you're feeling angry, frustrated, or sad, you'll want to take a break and collect yourself. Consider working with a therapist for your emotions regarding your divorce, and your lawyer for the legal aspect of it all.
Mistake 3: Ignoring The Needs Of A Child
If you are having trouble with decision-making, then it is a good idea to think of what will be best for any children involved in a divorce. For example, you may want to let your spouse keep the house if it means your child can stay in the same home and go to the same school. This also applies to custody and visitation arrangements so that your child's life is not disrupted any more than it has to be.
Mistake 4: Hiding Assets
Think you can hide assets from your spouse so they do not have to be split during the divorce? Know that hiding assets can actually create a worse situation for yourself. If a judge finds out you are hiding assets, it is likely that those assets will be taken away completely instead of being split. You'll only end up in a worse situation by trying to break the law, so just don't do it.
Mistake 5: Not Working With A Lawyer
It's important that you work with a divorce lawyer from the start of the process, even if your spouse decides that they do not want to use one. You'll have the assistance that you need during mediation, and your lawyer will be prepared if you need to go to trial.
Contact a local divorce lawyer to learn more.