With most things, the more we do them, the more successful we’ll become. With divorce, though, most of us will only get one shot at it during our lifetime. Taking tips from others who have gone through a divorce may be our only option if we want to do things right. Knowing common pitfalls others have encountered in settling their divorce can help you make more effective choices for yourself.
One of the more common reasons divorce settlements end up having to be modified is because divorcing spouses tend to think that everything is going to remain the same for them after they divorce. If a husband or wife doesn’t consider the bigger picture, such as the potential that they may become disabled, lose their job or experience declines in their health, then they may do themselves a disservice in the long run.
A spouse who fails to take into account future costs such as a child’s college expenses or how their property may depreciate over time may also find themselves struggling financially.
Divorcing spouses may solidify their future financial situation by setting both short-term and long-term goals. With them clearly documented, it can make it easier for them to determine what it’s going to take for them to meet them. This may impact how much that they ask for in child support or alimony.
Decisions about how much in spousal or child support that you’re willing to accept or offer should factor in your family’s current needs, as well as what they’ll be in several years.
Keeping good financial records includes documenting all support payments that you make or receive, including any discrepancies in amounts and delays is important. This information may come in handy if you need to make any modifications on down the road.
Many Americans have a tendency not to like to discuss finances. When a couple is on the brink of divorce and tension is high, discussing spousal support or how they’ll share in expenses of raising their child may be even more uncomfortable to do. When you feel like your life is spiraling out of control, a Trenton family law and divorce attorney can be that steadying force to help bring everything into balance once again.