Mistakes to Avoid During the Divorce
Divorce is one of the most difficult decisions that you will ever have to make. It can be stressful, emotional, and it can take a toll on your mental health. However, there are also many things that you need to do in order to protect yourself financially and legally during this process. If you’re considering divorce as an option for your marriage, then consider these mistakes which could lead to financial disaster for years after the divorce is finalized:
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Don’t try to hide assets from your spouse or get caught lying about how much money you earn. This is a surefire way to get into financial trouble.
Don’t forget that you have the right to claim any children or significant assets as part of your divorce settlement, even if they were acquired before you married. This can be a tricky situation where both parties are claiming ownership over what is rightfully theirs, and it’s important for there to be no ambiguity in this matter.
Don’t underestimate how much time the process will take–it could easily stretch on for months! Be prepared with money set aside during the duration of your separation so that you don’t find yourself living hand-to-mouth when it takes too long without income coming in.
Don’t avoid negotiations with your spouse about who gets what property, this is crucial to your future negotiations.
Don’t neglect to set up a post-divorce budget, even if you’re just meeting with lawyers and not thinking about divorce yet. If you are considering getting divorced soon, then this is an important step that should be planned for now as it will save money in the long run and help make sure things go smoothly during the process when all else fails.
Don’t get swayed by emotions into making decisions based on what feels good, but instead consider how beneficial those decisions will be later on down the road.
If your spouse has been abusive towards you or your children, don’t handle things alone–seek out legal counsel to ensure that protection orders can be enforced so that they have no chance of coming back to your lives.