The Law Offices of Abbott & Abbott, P.C.



The Law Offices of Abbott & Abbott, P.C.



Avoiding financial mistakes in Marietta divorces

| May 4, 2011 | Divorce, Firm News |

In Georgia, the divorce process can be as unique as the couples who are working through the process. On the plus side, that means almost everyone can use the legal system to meet their goals, and the flexibility can help ensure everyone’s best interests are met.

However, because there are so many routes for your divorce to take, you can waste a great deal of time and money working through the process. If you are working through a divorce, take the time to consider the following things. Discussing the options with your attorney can help ensure everyone is on the same page.

What are you trying to achieve? Before you start working through the process, it is important to identify your priorities. You will likely have a different plan of action if your top priority is ending the marriage immediately versus staying out of court versus receiving sole custody of your children.

Do you have any hidden assets or expenses? Some couples make it through their entire marriage without fully disclosing their finances with their spouses. If you have a hidden savings account or make more than your spouse thinks, it is important to be completely honest with your attorney. Although you may be tempted to lie in an effort to protect your assets, a judge who discovers the lie can award your hidden treasures to your spouse.

Are you working with the right attorney? Looking for an attorney can seem like an intimidating choice. Many people never need a lawyer until they are facing a divorce. When you are choosing an attorney, it is important to make sure you are working with someone with whom you have a professional but open relationship.

Read more in the upcoming posts to learn about negotiating with your ex, making logical decisions and keeping your finances in order.

Source: Huffington Post, “Ten Things That May Help Avoid Costly Divorce Mistakes,” Stacy D. Phillips, 1 May 2011


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