Divorce mistakes to avoid

One of the mistakes divorcing couples in Florida should avoid is ignoring the tax implications of the decisions they make during the settlement process. Certain assets may have a current value, but that value can change when those assets undergo tax treatment in the future.

Another mistake to avoid during a divorce is not having all of the necessary financial paperwork on hand. As soon as a divorce seems a likely possibility, it is important to obtain the balances and account numbers of all financial accounts as well as Social Security statements that report the earnings of a spouse and any probable future benefits. Documentation regarding how much was paid for significant assets and major home improvements should also be gathered.

People who are considering getting a divorce may automatically assume that going to trial will be necessary. However, this is a mistake. There are alternatives, including collaborative divorce and mediation, options that allow people to save money as well as time.

Mediation uses an objective and neutral third party to help obtain settlement terms. For collaborative divorces, the attorneys have training in using the collaborative process to resolve disputes and negotiate terms that both parties will find reasonable. In mediation, it is necessary for both parties to be willing to be cooperative and honest. Collaborative divorce may be recommended for couples who have a contentious relationship but who do not want to pay the expense of litigation.

Regardless of the venue or how it is handled, the end of a marriage presents a variety of legal issues that need to be addressed. A family law attorney can often help a client negotiate a settlement agreement that deals with property division and, where applicable, child custody and visitation.

No Comments

Leave a comment
Comment Information
  • LexisNexis Martindale-Hubbell Peer Review Rated For Ethical Standards and Legal Ability
  • Trucking Industry Defense Association
  • DRI The Voice of the Defense Bar
Email us for A response

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

665 South Orange Avenue, Suite 1
SARASOTA, FL 34236

Phone: 941-328-8142
Fax: 941-366-7272
Sarasota Law Office Map