Going through a divorce can be a difficult time in anyone’s life. Aside from the emotional toll that the process can take on an individual or family, there are numerous legal issues and financial situations that must be navigated in order for the soon-to-be ex-spouses to come through to the other side. Avoiding mistakes in the divorce process is crucial.
Information and negotiation
A recent news article provided a few tips for those who are going to go through a divorce in 2024 and want to avoid common mistakes, particularly when it comes to the financial aspects of a divorce. For example, the recent article mentioned that a common mistake is not having all of the information about your own financial situation when it comes time to negotiate this part of the divorce – or not having your spouse’s financial information.
All too often one spouse or the other typically takes care of the finances in a marriage so, in a divorce, the other spouse may not have a full picture of the household financial situation. Be sure to go through the steps to get that information before you negotiate about finances.
Next, the article recommended that you take the information you have gathered and negotiate – and be tough about it. The article mentioned that frequently one spouse or the other doesn’t want to come off as too aggressive or “mean” when it comes to attempting to negotiate a financial split with the other spouse. However, this may be your one opportunity to get what you can from the financial division that takes place in a divorce case.
For those who are going through a divorce in Arizona, your case will be unique to the specific facts of your family and financial situation. But, the issues that need to be addressed in a divorce are typically the same: child custody and support, alimony and property and debt division. Be sure to be prepared to tackle tough issues and tough negotiations in your divorce case.