Getting a divorce is a very emotional process, and you may not be thinking clearly about your finances when going through it. However, it is critical to keep your financial security in mind. Here are the top financial mistakes to avoid during your divorce.
Not Hiring a Divorce Attorney
It’s a big mistake not to hire a divorce attorney to represent you because it’s an investment in your future. Without one, you may get a raw deal and lose out on money that’s rightfully yours.
Rushing Through the Divorce
Though you want to get the divorce process over with as soon as possible, if you rush through it, then you could end up losing out on a better deal for yourself. Don’t drag it out, either; instead, be patient and work with your attorney to wrap it up in a reasonable amount of time.
Not Valuing Assets Properly
You should go through an independent valuation of all your assets. Otherwise, you may not really know what they’re worth.
Getting the Marital Home
Though you made great memories with your family in your marital home, it could be a huge mistake to fight for it if you can’t afford the mortgage and the upkeep.
Not Looking Into All the Debts
You’ll need to know your complete financial picture when getting a divorce. Order a copy of your credit report as well as your spouse’s from the three major credit bureaus to know where you stand.
Calling Richard P. Arthur for Divorce Assistance
Richard P. Arthur, Attorney at Law, can assist you if you’re getting a divorce in Ohio. You can call 937-254-3738 for a consultation. He has nearly three decades of experience assisting clients in Dayton and Trotwood, as well as Montgomery, Greene, Miami, Clark, and Warren counties.