Having a Divorce? Stay Away from These 3 Mistakes
In an attempt to express what a person goes through when faced with a divorce, it is rare not to find adjectives such as stressful, nerve wrecking, grievous, and desolating. It’s something you would not wish on your worst enemy. However, when that time comes, you have to know what to do and what to avoid. Here are some of the common mistakes that divorcing couples should avoid at all costs.
Choosing the wrong divorce process
Many couples suffer because of choosing the wrong process of getting divorced. While many believe that litigation is the only way out, other methods can help you amicably dissolve your marriage. These include mediation, negotiations, and collaborative law. Talking to an experienced divorce lawyer in Colorado Springs will help you choose a process that suits your kind of case. Some of these alternatives are not only cheaper than litigation, but they are also less combative. If, however, everything else fails, you can always go for a court battle.
Forgetting or ignoring tax implications of divorce
Many divorcing couples don’t know or tend to forget that when they get divorced, particular aspects of their taxes will significantly change. For example, you will be required to pay taxes for the portion of the property you receive. Also, if you are awarded alimony, the IRS deems this as taxable income. Therefore, it’s prudent that you talk to your attorney and a divorce financial analyst. They will help you understand the tax implications that affect you as a result of the divorce.
Forgetting about the kids
Many couples lose sight of their children’s needs and interests. You can easily be so immersed in your divorce proceedings that you forget your children are also likely to suffer. Avoid keeping them in the dark. Talk to them, and try to explain to them how the divorce will affect their lives. It would be a prudent idea to include your spouse in this discussion. Assure them that it’s not their fault that the two of you are separating. And, assure them of your support as parents.
Every divorce case is different, and the circumstances are also different. However, some mistakes are common, and you don’t have to walk down that road. The above guide is meant to enlighten you and to ensure that your process goes on smoothly.