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Five divorce settlement mistakes that can harm you

On Behalf of | Jan 7, 2021 | Divorce

When a Monterey area couple believes their marriage is heading for a divorce it can be a traumatic time for the whole family. There are many details that need to be worked out in a divorce settlement and there are mistakes that can be made during this process. Some of these mistakes can be detrimental to a person’s future so it is important that they know some of the common mistakes.

Sharing too many details online

Today, it seems like everyone has some sort of social media account. But a person should not use a social media account to share details about what went down to cause the divorce or who did what to whom. This can be tempting but what is shared on social media can come back to haunt a person. In addition, if a person is planning on receiving spousal support, they should not be posting pictures of vacations that they recently took or expensive purchases they have made.

Neglecting the kids or getting the kids involved

Kids should not be part of the divorce process. Parents should not tell their kids that the other parent is a bad person and using the kids to get back at a spouse is a bad idea. Also, parents should check in with their kids from time to time and get a sense of how they’re doing. They should try to accommodate their children’s needs and understand what they want.

Dividing assets based on current value

When looking at how to divide assets a person should look at their current value along with their value in the future. A house may be worth more than an investment account at the time, but the house requires money to maintain and taxes to pay. An investment account may be the better choice.

Hiding money and other assets

It can be tempting to hide assets or money from the other spouse. A primary breadwinner may think that they deserve more than their spouse. But the consequences of getting caught hiding money are serious.

Agreeing to whatever the spouse wants

If a person is eager to get through the process as quickly as possible, they can agree to things they shouldn’t. A person may not receive the spousal support or child support that they need, or the other spouse may receive more than their fair share of the joint assets.

A legal professional who is skilled in family law can help their client through the divorce process and make sure their needs are met both now and into the future. Although a divorce can be complicated it can lead to a person making a fresh start.