When you are at a point in the breakdown of your marriage that seeking a divorce in Virginia seems a likely or inevitable solution, you will need to prepare yourself for all of the emotional and logistical challenges that will follow. Just as important, you need to prepare yourself for the financial impact that ending a marriage will have on you and your family.
As you head into the divorce process, your actions-or lack-thereof-will impact your financial security and future. With that in mind, we offer a look at 5 common financial blunders you can make before or during a divorce in Virginia:
- Attempt to save money with a do-it-yourself Virginia divorce and forgo any professional input from a Newport News divorce lawyer or any other divorce professional;
- Tell your husband you want a divorce before taking the time to gather important financial records and discussing your situation with an attorney and financial advisor;
- Act as the “nice guy” and let your husband call all the shots about who should get what during the course of the division of property;
- Neglect to carefully assess all forms of marital property (his collection of classic cars, his start-up business financed by marital funds, etc.); and
- Fail to take control of your own financial matters and don’t fully investigate your assets, debts, investments and other holdings.
All of these common financial blunders during divorce can best be avoided with careful planning, taking a proactive approach to your divorce and aligning yourself with a divorce team that will act as your advocate throughout the proceedings.
Contacting a Newport News Divorce Lawyer for Women
The decision to file for divorce usually comes at the end of a long and painful journey. In addition to the emotional turmoil involved, there’s also a lot of fear and uncertainty about what the future holds. Concerns about children, mortgages, and even just paying the bills or buying groceries can easily become overwhelming.
A Newport News divorce lawyer at Hofheimer Family Law Firm can examine the specifics of your case to help you decide how much support to ask for, what child custody arrangement will work best for you and your children, and how to fairly divide your marital assets. Request a FREE copy of our divorce book for women in Virginia, or reserve your seat at our monthly divorce seminar – 757-425-5200.