
Divorce is a legal process that comes with a lot of tension and pressure. You may find yourself feeling emotional at times, especially when you are faced with the prospect of your future. This makes it so easy to make mistakes.
Whether you are considering a divorce or are already in the midst of one, there are certain mistakes that you must try to avoid at all costs. They tend to complicate the situation. These mistakes could cause financial or legal issues for you.
Mistake #1: Not Changing Your Will
It is easy to believe that you don't need to change your will because of your divorce. You might be surprised to learn that a divorce does not negate a will. If something happens to you, your ex-spouse could still be your beneficiary if you have failed to change your will.
You may not be able to make certain changes during the divorce proceedings, so this is something you need to do before the divorce process or immediately after your divorce is finalized.
Mistake #2: Don't Dismissive Collaboration or Mediation
Many divorces become ugly, both emotionally and financially, because they play out for so long. Mediation and collaborative divorce are both options that provide quick solutions and allow you to work together to arrive at solutions you both approve of.
Collaborative divorce allows each party to retain their respective attorney. Both parties agree to work out the divorce together with their attorneys — no neutral party, such as a judge, required.
Mediation involves the help of a neutral party to aid the couple in dissolving the marriage without ever having to step foot inside a formal courtroom.
Mistake #3: Not Understanding Your Financial Situation
It is essential that you compile all financial documents so that you can better understand them. If there is anything you do not understand, you can bring it in to go over with your attorney. You may be surprised at how much you can learn about your finances that you did not already know.
Not understanding your financial situation is also detrimental because it could allow your ex-spouse to take advantage of their own knowledge of your situation in the divorce proceedings.
Mistake #4: Making Financial Decisions Because You Are Tired
There is no doubt that divorce takes a physical and emotional toll on you. You might be feeling sad or angry, and these emotions can sometimes be paired with feelings of guilt. On top of all this, there are also common physical symptoms associated with divorce. These include insomnia, weight gain and exhaustion.
All of this could lead you to make a decision you are not ready to make simply because you want to get the process over with.
Mistake #5: Not Establishing a Long-Term Solution
There are many long-term decisions you will be making as part of the divorce. For example, how will you handle paying taxes if you keep the home? Which property will you actually use, and which items are you willing to liquidate? These are all topics to discuss with your lawyer, somebody who has extensive experience handling divorce cases.
Mistake #6: Not Hiring a Divorce Attorney
In spite of the fact that divorce is such an important legal matter that could alter the rest of your life, all too many people forego hiring a divorce attorney. This is one of the biggest mistakes you could make.
Walden & Walden
understands the difficulty of going through a divorce, including the financial toll it can take. They offer logical and compassionate assistance and do their best to arrive at a solution you are happy with.