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Avoid divorce mistakes that can disrupt financial security

If you are facing divorce, you hope it will be over quickly, but you know there are going to be issues to resolve, especially with regard to property division. The more assets you have, the more complicated divorce becomes, but you just want to get out of the marriage. Do not be too hasty; you might make a mistake that could cost you financially.

Dealing with guilt

If it was you who initiated the divorce, you may feel guilty. As much as you want out of the marriage, it may bother you—perhaps a great deal—to think that you have hurt your spouse. You may try to make amends in some way, so you might be willing to give up more than you should in terms of assets. You will be better off thinking of your divorce as if you were dissolving a business venture.

Agreeing to terms

There are usually two reasons for wanting out of a marriage quickly: either you have fallen in love with someone else or you simply cannot stand your spouse. Whatever the reason, do not make the mistake of being too agreeable and relinquishing assets you should keep or waiving alimony to which you are entitled. Keep your financial future in mind at all times.

Not investigating

If you no longer trust your spouse, your mistrust might extend to the question of marital assets. Do not fail to explore the possibilities. If you think your sneaky, soon-to-be-ex might be holding out on you, your attorney can engage the services of a specialist, such as a forensic accountant, to investigate.

Listening to input from friends

You may have friends who will regale you with stories about the results of their divorces, and they may try to tell you how to handle yours. While your friends may mean well, a family law attorney will remind you that every divorce is unique. Focus on your own circumstances and remember that you should allow the process to play out properly. Avoid mistakes and ensure you are doing all you can to protect your financial future.

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