People can do and say a lot of things during a divorce that they might later regret. But hopefully, these regrets are short-lived and incidental.
Unfortunately, this may not be the case for people who make hasty or ill-advised decisions regarding their divorce settlement or other agreements related to their divorce. To avoid significant missteps during this process, there are a few things you can do.
- Try to keep emotions in check. Emotions can spark some especially unwise financial decisions during divorce. Sentimentality can make people fight for a property they can’t actually afford to keep, like a marital home; anger could make someone unwilling to negotiate a settlement in mediation; guilt might make a person agree to an unfair balance of distribution. Try to keep emotions out of the process and focus on properly appraising property and dividing it in accordance with equitable division laws.
- Don’t just focus on the immediate aftermath. It is easy to focus on what is right in front of you. However, shortsightedness could leave you exposed to some unfortunate long-term consequences. Even if something seems beneficial in the short-term, make sure you stop and consider whether it could create long-term complications or losses.
- Ask for help. Dividing property in a divorce can be overwhelming and intimidating. People can get confused by categorization or how to appraise property, not to mention the logistics of how to go about dividing everything. Without the help of an attorney and possibly a financial professional, you could wind up making serious mistakes and overlooking various options. Rather than try to navigate what could be the most complex element of a divorce alone, stop and ask for help from people who are familiar with the system and state laws.
There may be things you do or say during a divorce that you later regret, but you should not regret your settlement. With these tips, you can avoid regrettable missteps in pursuing the fair and equitable outcome you deserve.