Divorce can be one of the most painful and frightening transitions in life. All the stress can lead people to make mistakes that may end up jeopardizing the next chapter in their lives before it even began.
That said, below are common divorce blunders to be aware of. Avoiding these errors can help make the process go as smoothly as possible.
Over-sharing with your spouse
The discussions between you and your attorney are meant to be private. When you share confidential information with your spouse, you may unintentionally state inaccurate details, which can bring disastrous consequences. There’s also the possibility of giving away your own legal strategies and putting your entire future in jeopardy.
While it’s better to stay amicable with your spouse, especially if you share kids, there are certain matters you shouldn’t disclose. Things like settlement offers, legal issues, and court appearances are best discussed in the presence of your lawyers. That can prevent misinterpretation and further hasten the process.
Not considering mediation
Choosing mediation to settle your case may save you thousands of dollars in legal fees and hours of emotional stress.
The mediation process involves a neutral third-party mediator, usually a lawyer trained in family law. The attorney can help the divorcing couple reach a fair settlement on several issues, including custody, alimony, and asset division.
Unlike in a traditional court trial, mediation provides both parties the autonomy to decide what’s best for the family. It offers a more flexible discussion with no judge to insist on a particular agreement.
Sadly, mediation may not work for all couples. For cases where one spouse refuses to compromise, it is safer to take matters into court.
Trying to hide assets
Ideally, you would like to retain as many assets as possible without splitting them with your spouse. That said, hiding assets is never worth the risk. Getting caught could lead to serious consequences. You may lose credibility with the judge and reduce your chances of getting custody.
Ensure your attorney knows every asset that exists, however big or small. Being upfront about what you own would make dividing assets quicker and easier.
Failure to develop a post-divorce financial plan
Financial planning will help you adjust better to your new lifestyle. That is especially important if you’ve always been reliant on your spouse’s income. Remember, financial independence does not happen overnight. Take time to jot down your goals, set realistic expectations, and come up with concrete steps to achieve the life you desire for you and your children.
Letting emotions take over
Divorce is one of the most emotional transitions anyone can endure. It’s perfectly normal to feel resentment, grief, and contentment all at once.
However, running on pure emotion can interfere with your decision-making. Negotiations and proceedings must be dealt with logic and reason. Speaking to a counselor about the whirlwind of emotions you are experiencing will help you stay strong and resilient.
Avoiding these mistakes will save you time, money, and emotional turmoil. Staying sharp and focused is crucial to protecting your interests and resolving your divorce as favorably as possible.
