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

Last updated on April 8, 2021

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.

Reach Out To Our Experienced Team For Help With Your Legal Issues

How The Siemon Law Firm Can Help

Contact our Georgia Family Law Firm by calling 770-888-5120 or by completing this contact form.

An attorney will respond within 24 business hours.

    Fields marked with an * are required

    I Have Read The Disclaimer *

    Our Office Locations

    Cumming, Georgia

    347 Dahlonega St #100,
    Cumming, GA 30040 770-888-5120 Cumming Law Office Map

    Marietta, Georgia

    1850 Parkway Pl Suite 715,
    Marietta, GA 30067 770-888-5312 Marietta Law Office Map

    Alpharetta, Georgia

    4555 Mansell Rd,
    Alpharetta, GA 30022
    770-888-5093 Alpharetta Law Office Map

    Atlanta, Georgia

    3400 Peachtree Rd NE Suite 555,
    Atlanta, GA 30326 770-888-5078 Atlanta Law Office Map