Common Client Mistakes
Because divorce is such a life-changing event, it can be easy to get caught up in emotions and make decisions that have negative long-term consequences. From agreeing to a less-than-ideal property settlement in order to get the divorce over with to neglecting to analyze the tax implications of your separation, rushing through the process can easily cost you tens of thousands of dollars over the course of your future. At Divorce Financial Solutions, our CDFA Veralynn Morris has over 30 years of experience helping people navigate their financial futures and has seen many make mistakes that could have been avoided with a little bit of forethought. We provide divorce financial planning services to clients in Garrett County, Carroll County, Howard County, Montgomery County, Frederick County, and Washington County.
Don’t expect to get justice just by going to court
Many people believe that if they appear before a judge, they will be able to calmly explain what their ex did and the judge will rule in their favor. Unfortunately, divorce proceedings are far from that simple. In fact, many times a more equitable and beneficial divorce settlement can be negotiated out of court through financial mediation.
Don’t get discouraged
Divorce can be an extremely long and drawn out process. As you go through the process and your nerves begin to fray, it can be easy to become discouraged and you may even be tempted to throw in the towel. In these moments, remember that all struggles come with days that are especially hard. There will always be bad days, but one bad day does not mean that all is lost. Review your action plan and focus on how far you have come.
Don’t give in to mental games
The divorce process often comes at a significant emotional cost. Negotiating with an ex who you may not be on good terms with is complicated enough before you add in heated discussions about custody and alimony. This is why it is important to take an emotional inventory before you initiate the process to ensure that you will be able to navigate your divorce without feeling weak, confused, or afraid. If you are plagued by these emotions, seek support from friends, family, or a therapist to help you gather the strength to proceed.
Don’t have unclear objectives
The best way to get what you want is by knowing what you want. One of the most common mistakes that divorcing couples make is to neglect thinking through what they want to accomplish from litigation. When you know what you want to accomplish, you will feel less lost and confused and be less likely to fall prey to the mind games of the opposing counsel.