Common mistakes that can derail a divorce settlement

On Behalf of | Feb 6, 2019 | Divorce, Firm News

Ending a marriage is a complex and difficult process, and it is easy to allow temporary emotions to drive the decision-making process. However, Pennsylvania readers know it is prudent to set aside anger and frustration and focus on what will really work best well into the future. Mistakes during divorce can affect a person for years to come, and every person walking through this process would be prudent to know how to avoid them

One mistake that people often make during divorce is failing to get all of the information they need. Both sides must provide full financial disclosure. When a person does not have all pertinent documents and access to the right information, it can lead to a lopsided settlement. Additionally, a person would be wise to avoid the mistake of failing to consider the tax implications of any settlement.

After the decision to move forward with divorce, it’s smart to close all joint credit accounts as soon as possible. This can help a person avoid having to deal with debt accumulated by the other party. Finally, one of the most common missteps people make during divorce is to assume that going to court is the only option. In many cases, a beneficial out-of-court settlement is possible, saving both parties time and money.

When facing divorce in Pennsylvania, a person would be wise to know how to avoid mistakes and pursue a practical settlement. Before agreeing to settlement terms or making any other important decisions, it can help to start with a complete evaluation of the case. This can help a person understand how to proceed wisely and fight for a strong post-divorce future.

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