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Don’t make these mistakes during your high-asset divorce

| Sep 17, 2016 | Uncategorized |

When you and your spouse make the decision to end your marriage in Georgia, the actions you take next may affect your life for years to come, or even forever. The right choices may not be immediately obvious, though. We at The Siemon Law Firm often provide advice to those who want to avoid potentially devastating missteps during the divorce process.

According to CNN.com, with more marital assets come greater risks of mistakes. For example, before you insist on being awarded spousal support or keeping the family home, you may want to ask a professional how much these assets will cost you when it is time to file your taxes.

If your spouse has taken on most of the financial responsibilities during your marriage, you may not have a clear picture of what you should ask for in the divorce. However, experts warn that taking the wrong advice may be a costly error, particularly if the person who is providing you with information does not understand the legal system.

Emotions are often a liability during the division of property. If you are dealing with guilt or anger while discussing the agreement, your concessions or demands may not be realistic. As a result, you may end up with an unfair settlement or expensive litigation.

Hiding assets or forgetting to report liabilities can both have damaging effects on your future. Whether you find yourself facing contempt of court, or must shoulder a heavy debt that your ex-spouse should have shared, your finances may suffer. For more information about property division and settlements, please visit our web page.

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