One of the main goals of a divorce is to ensuring all parties receive a fair settlement from which a new life can be built. However, divorces can also be very emotional, making it a difficult time for couples to corporate.
No one should have to go through a divorce alone. That's why the following advice was gathered to help ensure your divorce goes exactly as planned. Keep reading to learn advice every divorce attorney wants you to know.
1. Don't Make Financial Decisions Based Off Emotions
Emotions can run high during stressful moments of the divorce process. However, it's important to not let your emotions control your financial and legal decisions. Asking your divorce attorney to use their time to negotiate for inexpensive items you aren't attached to can do you more harm than good.
Instead of using your divorce attorney skills on trivial matters, use their experience and knowledge to get the best divorce settlement possible.
2. Keep An Eye On Your Spouse's Finances
If you're considering getting a divorce, now is the time to take a look at your spouse's financial situation. It's best to start by looking at your spouses loan and credit card applications. This will give you an estimate of how much your spouse makes per year. In turn, this can help you determine how much child support or spousal support your spouse is able to provide if needed.
3. Gather Key Evidence Before You File For Divorce
While you're keeping an eye on your spouse's financial situation, now is also a good time to gather key evidence for why you are divorcing. The more key evidence you can gather before you file for the divorce, the greater the possibility of you having smoother divorce process, especially if your soon to be ex-partner knows exactly how to get under your skin. In addition to taking pictures of assets, you should also keep a record of important numbers and account statements. You won't regret the time you took to prepare when your day in court arrives.
4. Get Your Property Valued By A Professional
Before you part ways with your spouse, make sure you get any valuable property appraised by a professional. After all, when it comes to a divorce, almost all property can be considered fair game. However, you won’t be able to receive your fair share of money if you don’t know how much your property is worth.
When it comes to an expensive ring or a rare collection, there's no point in guessing dollar values. You'll have a better chance of coming out ahead if you take the time to have anything of value properly inspected before your divorce is finalized.
5. Don't Hide Any Assets
As tempting as it may be, divorce attorneys cannot stress enough how important it is that you are upfront and honest about all of your assets. Keep in mind, even if you only intend to deceive your spouse, you are still interfering with the law.
If your hidden assets are discovered, you will lose all of your credibility in court. It's very likely your divorce settlement will become less favorable as well. You could also face the possibility of hefty penalty fines and monetary sanctions. In order to best protect yourself and your property, it's crucial that you honestly declare all of your assets from the beginning.
6. Update Your Education Or Skills Before Filing
If you are currently dependent on your spouse for financial support, it may be in your best interest to update your education or get some job training before you finish filing for divorce. While spousal and child support options are available, it's important to not pin all of your financial hopes on this aid.
By updating your skills and education now, you are making sure you are protected even if things don’t go as planned in court.
7. Really Get To Know Your Finances
In the average household, one person manages the finances. However, this can lead to a power imbalance during negotiations if one doesn't take the proper protective measures. For instance, if you aren't familiar with your spending habits, now is the perfect time to start keeping track of your expenditures.
You can also seek professional assistance to make sure you are making the right financial decisions in regards to your divorce goals.
8. Get The Most Out Of Free Legal Advice
Many divorce lawyers offer free consultations. This is a great opportunity for you to learn more about what to expect in your specific divorce case. It's also a chance to see if you and this particular attorney are a good fit.
You don't have to settle on the first divorce attorney who consults with you. Reach out to several divorce attorneys in your area to find the perfect one for you.
DISCLAIMER: The materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use of and access to this Web site or any of the e-mail links contained within the site do not create an attorney-client relationship between Law Office of Barbara J. May and the user or browser. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.