Common Client Mistakes
Because divorce is such a life-changing event, it can be easy to get caught up in emotions and make decisions that have negative long-term consequences. From agreeing to a less-than-ideal property settlement in order to get the divorce over with to neglecting to analyze the tax implications of your separation, rushing through the process can easily cost you tens of thousands of dollars over the course of your future. At Divorce Financial Solutions, our CDFA® Veralynn Morris has over 30 years of experience helping people navigate their financial futures and has seen many make mistakes that could have been avoided with a little bit of forethought. At Divorce Financial Solutions, we offer services to clients in the following Maryland jurisdictions: Frederick, Washington, Allegany, Garrett, Howard, Carroll, Montgomery, Prince Georges, Anne Arundel, St. Mary’s, Baltimore and Harford Counties. Please note that Veralynn Morris and Divorce Financial Solutions are not lawyers, and the following should not be construed as legal advice. If you are seeking legal advice, please consult an attorney. We can provide you with a list of lawyers in your area. Remember, a trained CDFA® provides financial solutions and the navigation of the financial elements of divorce.
Do not expect to get the best financial resolution by going to court
Many people believe that if they appear before a judge, they will be able to calmly explain what their former spouse did and the judge will grant them a financially advantageous division of marital property. Unfortunately, divorce proceedings are far from that simple. In fact, many times a more equitable and financially beneficial divorce settlement can be negotiated out of court through financial mediation. Therefore, it is important that you consult a lawyer to represent and advise you in connection with the legal aspects of your divorce. If you do not have a lawyer, we can provide referrals to lawyers in your area. Remember, a trained CDFA® provides financial solutions and the navigation of the financial elements of divorce.
Do not get discouraged
Divorce can be an extremely long and drawn out process. As you go through the process and your nerves begin to fray, it can be easy to become discouraged. You may even be tempted to throw in the towel. In these moments, remember that all struggles come with days that are especially hard. There will always be bad days, but one bad day does not mean that all is lost. Review your action plan and focus on how far you have come.
Do not give in to mental games
The divorce process often comes at a significant emotional cost. Negotiating with a former spouse, with whom you may not be on good terms, is complicated enough before you add in heated discussions about custody and alimony. Therefore, it is important to take an emotional inventory before you initiate the process to ensure that you will be able to navigate your divorce without feeling weak, confused, or afraid. If you are plagued by these emotions, seek support from friends, family, or a therapist to help you gather the strength to proceed. You should rely on an attorney to provide legal advice and representation, and a CDFA® can assist you and an attorney in the navigation your divorce finances. If you are unrepresented, we can provide you with referrals to lawyers in your area. Remember, a trained CDFA® provides financial solutions and the navigation of the financial elements of divorce.
Do not have unclear objectives
The best way to get what you want is by knowing what you want. One of the mistakes that divorcing couples make is to neglect thinking through what they want to accomplish from litigation. When you know what you want to accomplish, you will feel less lost and confused. Please consult with an attorney and your CDFA® about your objectives throughout your case. If you need a lawyer, we can provide you with referrals in your area. Remember, a trained CDFA® provides financial solutions and the navigation of the financial elements of divorce.