Two Divorce Tips To Keep In Mind

Posted on: 20 June 2016

The divorce process can be intimidating for anyone, especially for those that have never gone through a divorce before. It can be easy for first-time divorcees to make mistakes during the process that can needlessly complicate these proceedings. To help ensure that your divorce goes as smoothly as possible, keep the following tips in mind.

Make Copies Of Any Financial Records From The Marriage

Disentangling the finances of a separating couple can be one of the more complicated and contentious points of the divorce. In fact, it is not uncommon for individuals to attempt to hide assets from their spouse. Unfortunately, it can be difficult to track down and prove these hidden assets if the other spouse is given an opportunity to cover their tracks. Often, finding hidden assets involves the use of forensic accountants, which can greatly lengthen the divorce proceedings and substantially add to the cost of these proceedings.

For this reason, you should ensure that you make copies of any financial records for the last several years. Ideally, this should be done before you inform your spouse of the divorce to minimize the risk of them more thoroughly masking these assets. By providing these records to your attorney, they will be able to evaluate them for any signs of hidden assets.  

Avoid Letting Your Emotions Impact Your Willingness To Negotiate During Mediation

Mediation is one of the more important phases of the divorce process as it allows you and your former partner to negotiate the division of assets. Unfortunately, there are some individuals that may let their emotions have more influence over them than is prudent. This can lead to refusing fair offers out of spite, which will only lead to frustration and protracted proceedings.

If you make the mistake of failing to negotiate due to your emotions, there is a chance that the judge will issue a ruling that you will not like. This is because a judge has the power to divide the assets of the marriage when agreement cannot be met. As a result, you may find yourself without the assets that you wanted the most. However, this unfortunate outcome can be avoided by ensuring that you negotiate in good faith. While you may not get everything that you want, at least this option will afford you some control over how the assets will be distributed.

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