In the complex process of ending a marriage, it’s normal for emotions to run high and frustrations to take over the decision-making process. It’s not always easy to do so, but it’s critical for a California adult to set aside these momentary feelings and consider what will be best long-term. Clarity and reasonable thinking are important for a strong post-divorce future.
An important step in securing terms that allow for a strong future is getting a clear view of all marital assets and debt. This will make the property division process easier, as well as make it more apparent when there are potentially hidden assets. Knowing what is at stake can allow one to strategize effectively on how to negotiate and intentionally pursue terms that make sense long-term.
Taxes are also a critical consideration, and it is worthwhile to discuss how the two parties will address their taxes for the last year they were married. A decision that makes sense now may prove financially harmful down the road, such as keeping the family home. Think about tax penalties, upkeep costs, mortgage expenses and other obligations can allow for better decisions that will provide future stability.
A California spouse does not have to pursue a strong post-divorce future alone. He or she will find it beneficial to work with an experienced family law attorney at every step, even before filing. This guidance can prove invaluable during the difficult and complicated process of dividing marital property and jointly accumulated debt. An ally can also provide clarity when strong emotions may be influencing decisions in a way that is not prudent or beneficial.