8 Mistakes People Make During Divorce
Here's the thing, there is no do-over in divorce. YOU are your best advocate. You work WITH your mediator or divorce attorney so make sure to educate yourself early and ask questions. If you're filing on your own then you have to be that much more on top of the process.
Here are 8 mistakes people make during divorce that you should avoid at all costs:
1. Assuming your spouse will be "fair"
Fair and equitable are two different things. Equitable is what divorce is all about.
2. Not having a detailed list of your assets
How can you decide who gets what if you don't know what you have?
3. Not knowing your priorities
If you don't know what's important to you can't create the post divorce life you want.
4. Not understanding your financial realities
If you don't know how much money you have coming in and going out every month you're at a huge disadvantage during divorce.
5. Making reactive decisions
Being proactive is the position you should be in. How do you do that? Prepare for divorce ASAP so you have all the information you need to make smart, thoughtful choices.
6. Letting emotions cloud your judgement
Divorce has two sides, the emotional and the business. Separate the two.
7. Not understanding the difference between retirement dollars vs cash
Financial planning is critical so you understand the difference between current market value and potential future value.
8. Rushing through the process
Slow down, prepare in advance, ask questions and take your time to weigh your choices. Divorce can go at your pace.
Want more tips? Here are 5 Ways Smart People Succeed During Divorce.
Divorce is hard. Divide & Thrive makes planning for one easy.