The end of a marriage can be extremely difficult to deal with, and the divorce process can sometimes exacerbate negative emotions. Because of this, we often see individuals make poor decisions that affect their settlement. Beyond that, these mistakes can follow a person for years to come. For example, one party may accept unfair terms because they were pressured to or the offer appeared to be equitable.
This does not mean that the same will happen to you. By understanding the common mistakes made in divorce settlements, you can change the outcome of your divorce into a fair and positive one.
Mistake #1: Failing to Plan
If you know your marriage cannot be saved and divorce is on the horizon, it’s best to plan ahead so that you’re not overwhelmed when the process begins. Think about how you’ll tell your children, consider your financial situation and how it will change, and start looking for an attorney.
Mistake #2: Failing to Look for Hidden Assets
During the divorce process, both parties must disclose a full picture of their finances. Unfortunately, this can bring out the worst in those who do not want to follow California’s property division laws. Hiding marital assets is a common occurrence that can cost you a lot of something you are entitled to receive.
If you suspect that your spouse could be hiding marital assets, let your attorney know immediately. They will have the tools necessary to uncover those hidden assets. You can help your legal time by gathering financial records and joint account information.
Mistake #3: Failing to Consider Mediation
Not all divorces have to be contentious or reach the courtroom. If you and your spouse can work together to achieve a fair settlement through mediation, you can save thousands of dollars in legal fees and emotional frustration. The process promotes cooperation, compromise, and communication, which may be an effective way to end your marriage.
Mistake #4: Failing to Hire the Right Attorney
If we were to point out all of the divorce mistakes, we’d still be writing this article. But if there’s one point that you take out of this, you need to hire the right divorce attorney. A skilled lawyer that considers your best interests can mean the difference between an equitable settlement and an unfair one.
Our San Francisco family law team at Fenchel Family Law PC is dedicated to guiding you through each stage of the process from the initial consultation to your desired outcome while helping you make well-informed choices about your future.
Do you have questions about your divorce? Call Fenchel Family Law PC at (415) 650-1112 to schedule your consultation today.