4 Financial Mistakes Not to Make in Your Divorce

by | Sep 15, 2023 | Lawyers and Law Firms

Divorce is expensive. If you mishandle your divorce, it can become even more expensive than necessary. The best divorce attorney in Charlotte, NC will help you make the best financial decisions throughout the process. Here are 4 financial mistakes not to make in your divorce.

1. Incomplete Financial Records

During your divorce, you’ll be required to submit all of your financial documents to the court. You’re expected to present your finances as thoroughly as possible. If you do not submit adequate documentation, the court may penalize you for it. You’ll be penalized even more if you hide certain assets from the court.

2. Excessive Spending

After your divorce, you may be downgrading from two incomes to one income. You should adjust your spending accordingly, taking into account the legal costs, too.

3. Dragging Out the Divorce

In order to finalize your divorce, you and your ex must agree to the terms of the divorce. In most cases, there may be some disagreements that can be resolved in mediation. However, some couples can never seem to reach an agreement, even after multiple sessions of mediation. The longer the divorce drags out, the more money you will spend on legal fees.

4. Not Having a Prenup

You can prevent a huge fight by establishing a prenup before you get married. The prenup will make the process much easier, as the terms are already laid out for you.

If you don’t have a prenup, you’re going to need the best divorce attorney in Charlotte, NC. Contact Conrad Trosch & Kemmy to learn more.

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