Common pitfalls to avoid when getting a divorce
Posted on behalf of Michael D'Amico of D'Amico & Pettinicchi, LLC on Oct 22, 2013 in High Asset Divorce
Many couples living in Connecticut and around the country will at some point face the prospect of getting a divorce. Knowing some of the missteps that people make when making such a decision could help other couples avoid these pitfalls and help the process go more smoothly.
One of the biggest mistakes that individuals make is in deciding that they want a divorce before actually thinking through what that will mean for them financially. Because such a decision is often made during a stressful and emotional period, it is important to avoid making hasty decisions while in a state of anger or sadness. It is sometimes helpful to seek out the guidance of a close friend or family member who can provide an objective assessment of the situation.
Once the decision is made to move forward with a divorce, another common misstep is not making financial preparations for life afterwards. Individuals should begin to consider how they will support themselves financially after their marriage ends as soon as possible. Taking the time to identify items of property they would like to retain after the marriage and creating a separate financial identity by opening individual bank and credit card accounts are important steps that can help ease the transition from being married to being single.
Individuals who are considering getting a divorce may need professional help to navigate the many pitfalls that can accompany the dissolution of a marriage. Attorneys working in the area of divorce may be able to help their clients to negotiate a settlement that protects their interests and provides the necessary resources to make a fresh start.
Source: Huffington Post, "The 5 Biggest Mistakes People Make When Considering a Divorce", Debbie Martinez, October 15, 2013