Four Costly Mistakes to Avoid in Your Divorce

Divorce is a difficult process for everyone involved, which makes it an even harder decision to make. When you do make the decision however, it is important to go about this process in scrupulous manner. There is no such thing as being too meticulous when it comes to divorce, and it is crucial for you and your spouse to be as thorough as possible. It is a difficult time and the last thing you want to do is spend more time together, but everyone will be happier in the long run when these things are settled responsibly.

Yes, it is going to cost money; no one ever said divorce is cheap. That being said, it is possible to make it as painless as possible for your mental health and your pocket book. Here are four costly mistakes to avoid when going through a divorce

Be familiar with your assets…

Throughout a relationship, it is inevitable that the two of you as a couple have acquired a fair amount of things. These things may range from entertainment centers and an extensive CD collection to vehicles and small businesses. No matter the value of the items in question, it is important to have a thorough inventory of everything the two of you have acquired. A lack of knowledge in these things may cause you to lose out on things that are rightfully yours. If keeping track of stocks and the like was never really your responsibility, it’s time to get familiar. Surely you were in some way footing the bill whether you knew it or not, so it is in your best interest to take the necessary steps to split these things.

…and not just the good material ones

Shared items go for debt and loans as well, so it is equally important to be familiar with these assets. Sweeping them under the rug or assuming your spouse will handle it can only get you into trouble later. The burden belongs to both of you unless decided otherwise.

Fighting for the house

Although it is the home that the two of you built together and shared your family in, your house is just another asset. Of course it would be easier for you (“Why should I have to move?”) but it may only create more headaches for you later. Say you fight for the house and win and you get to send your spouse packing. Unless you are 100% comfortable with this financial burden, it is not worth trying to stay afloat in a house that was supported by two incomes. Moving isn’t easy for anyone, but it may be in your best interest to make this decision.

Running up those fees

You are hurting and your best choice may seem like making your spouse pay. In order to do this, you feel that you must find the best lawyer in town, then switch when they are helping you like you wanted, etc. Not only are you dragging this headache out longer, you are running up thousands of dollars in unnecessary fees. It is good to shop around, but you also need to be realistic. This is money that you could be using in another way when this mess is over. Be civil about this, you both just want it to be over with anyway.

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