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Avoiding financial surprises during a divorce in California

On Behalf of | Jul 26, 2018 | divorce/marital dissolution

Going through the end of a marriage may rarely be an easy and stress-free experience. Without experience in such matters, individuals in California who are facing a divorce might be uncertain what to expect from the process and how to prepare for it. Since the outcome of a similar situation could affect one’s life substantially, a person could find it advisable to gain an understanding of the process to avoid encountering potentially devastating financial surprises.

Upon making the decision to dissolve a marriage, a person may choose to focus on protecting his or her financial future by gaining awareness of all marital assets and their respective values. However, one might also find it advisable to avoid neglecting marital debts, as these could also have a significant influence on the outcome of the situation. Failing to consider how debts such as mortgage payments or balances on credit card accounts will influence property division may only add to the stress of an already emotional process.

Another action that could prove detrimental to a person’s future lies in making assumptions concerning what will happen during legal proceedings. Simply assuming that one will obtain possession of certain assets, or making assumptions concerning the amounts one will receive in child or spousal support is never advisable. Seeking guidance in covering every aspect of divorce could help prepare a person for negotiations and help prevent any potentially unfavorable surprises.

Individuals who make the decision to dissolve a marriage may wish to safeguard their financial futures in the process, but they might need assistance in achieving this goal. When divorce is the chosen path, a person could find it advisable to consult with a family law attorney as soon as possible. An attorney in California can provide a client with advice on what to expect from the process and assist him or her in making informed decisions during legal proceedings.