There may be some people close to you who have gone through a divorce and are eager to give you advice on how to handle yours. Should you let their experiences guide you?
Taking advice from anyone but a legal professional is one of several mistakes you will want to avoid, especially if significant assets are at stake in your divorce.
You may have good reason to get out of your marriage, and you are anxious for the divorce proceedings to be over. However, the more assets you have, the more complex your divorce will be. Do not be in such a hurry to get the divorce over with that you give up more than you should when it comes to property division. Remember that your financial future is on the line.
What do you really know about your spouse’s financial dealings? Are all your marital assets out on the table? If you suspect that there could be some hidden income or assets, let your attorney know. An investigation may be in order, and you may need to call in specialists such as a business appraiser or forensic accountant to assist.
Remember that during the property division phase of your divorce, certain assets you receive will be taxable. If a judge awards alimony to you, find out how much you will receive after taxes.
Finally, when people in your life offer advice, be polite but resolve to make your own decisions including who should represent you as your attorney. When you schedule your initial meeting, prepare questions to ask. You are about to enter a new chapter in your life. Remember that your situation is unique and the way your divorce plays out will be equally unique.
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