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Berchem Moses PC
  • Milford 203-783-1200
  • westport 203-227-9545

Common mistakes occur during divorce involving property division

Divorce is understandably one of the most stressful times of a persons' life because of all of the emotions and finances involved. Not understanding the process or one's rights when it comes to areas such as asset distribution and property division can unfortunately lead to mistakes. These mistakes can be costly during the divorce and even over the long term for an individual in Connecticut.

One mistake often made during a divorce proceeding is thinking that one can just make a guess about financial information. Failure to be accurate with one's figures may cause one to lose thousands of dollars. After filing for divorce, people must submit information regarding their incomes, bank account totals, living expenses, mortgage payments, retirement and investment account totals, child-related expenses and credit card debt. Overestimating or underestimating financial totals can have a direct impact on the division of marital debts and assets as well as on the calculations done for child support and alimony.

Yet another mistake people often make during divorce is to try to win the battles they have with their future exes no matter the cost. This only causes a couple to drag out their divorce process, and this ends up driving up their divorce costs. It is better to view the divorce as a chance to simply strike a business deal that is favorable to both parties.

With proper legal guidance, divorcing individuals in Connecticut can tackle matters such as property division with confidence. If two people who are getting divorced are able to find common ground, they may benefit from negotiating their divorce or going through divorce mediation. Otherwise, they will have to take these issues to court, where a judge will make the final decisions on these matters for them.

Source: Huffington Post, "Filing For Divorce In Spring? Avoid These 6 Perilous Mistakes!", Bari Zell Weinberger, April 25, 2016

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Berchem Moses PC
75 Broad Street
Milford, CT 06460
Phone: 203-783-1200
Fax: 203-878-2235
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Berchem Moses PC
1221 Post Road East
Westport, CT 06880
Phone: 203-227-9545
Fax: 203-226-1641
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