Considering that the average couple accumulates a variety of assets, including properties, retirement accounts and investments, they really need to spend some time preparing for a court date or mediation session. The best divorce lawyers will spend a lot of time in the early stages of “discovery,” just to be sure their client isn’t leaving money on the table.
Here are some common mistakes that divorcing couples make:
- Rushing to court – this is a big one; and often occurs when people want “out” of the marriage immediately and they want to get it over. However, rushing to court can cause too much stress and it can cause people to make impulsive decisions about the division of marital assets. As they say, “cooler heads prevail,” and nowhere is this more true than in a divorce settlement.
- Make sure you have your own credit rating and your own credit cards. This is especially true for women, who are often left without enough financial resources of their own. By establishing credit in your own name, you will be much more prepared to start a new independent life.
- Avoid overspending – you may be more of an impulse buyer during the period leading up to divorce, especially if spending is seen as a way to get back at your spouse. But keep in mind that you will need a lot of money to pay off your obligations before starting a divorce proceeding. Don’t wait until the settlement is complete, or you could end up damaging your credit rating.
- Look before you sign – whatever you do, do not sign anything without the advice of an attorney. It is not uncommon for a spiteful ex to attempt to hide something important in the fine print. The best divorce lawyers will keep you from making an unwise legal decision which could harm you later on.
Most of the common mistakes in a divorce can be avoided when you consult with the best divorce lawyers. Find out how an experienced divorce lawyer can help you make the right choices throughout the process.