Sometimes the emotions that come with the end of a marriage distract couples from the important, practical details of divorce. It is common for many couples to look back and wonder if different legal and financial decisions made during the divorce may have yielded them a better outlook for the future.
The following are some of the top divorce secrets shared by divorce lawyers, in order to help clients protect their assets and end their marriages on the winning end.
- Keep an eye on your spouse’s money: Keep tabs on your spouse’s financial activities leading up to the divorce, especially recent loan and credit card activities. Income reported on loan applications may be more accurate than on tax documents. These records may be an important part of the discovery process.
- Gather important evidence before walking out the door: Remaining calm and collected during a break-up is not always easy, but a cooler head now will serve you in the long run. Copy account statements and other important financial records while you are in the home and still have access to these documents. They will surely be important later.
- Pursue your education and polish your skills before you divorce: Even if you are going to receive spousal support, the courts may still expect you to work. This is generally true if your children are in school, you are before the age of retirement, and are physically able to work. Be prepared to earn your own income. Pursue job training or education while you are still married, so you are ready to work after the divorce.
- Understand your debt obligations: Laws vary between states. You need to research what your debt obligations are after divorce. Individuals may unwittingly take on their partner’s debt, even though their state does not divide marital debt in one spouse’s name. An experienced Baltimore divorce lawyer can answer your questions about marital debt.
- Do not forget about health insurance: In some states, once the divorce is final, the spouse who receives health insurance through their job no longer provides it for an ex, because they are not considered a family member after divorce. The dependent spouse may purchase COBRA benefits or an alternative health insurance. Health insurance is extremely important and should be negotiated during the divorce process.
- Compromise for peace of mind: It should come as no surprise that no one gets everything they want in a divorce. Both partners need to evaluate what is worth fighting for – and what is not. Agreeing to compromise on some issues can save you invaluable time, money, and stress. Approaching your divorce with a bit of flexibility sets the tone for a better, more positive outcome.
The Baltimore Divorce Lawyers at Huesman, Jones & Miles, LLC Offer Skilled Legal Counsel for Divorce in Maryland
Baltimore divorce lawyers at Huesman, Jones & Miles, LLC bring more than 30 years of experience to clients seeking to end their marriages in Maryland. Our team of caring and compassionate attorneys understands that divorce can be an emotional time, but also knows how important it is to protect our clients and their children with the best legal counsel available.
We offer comprehensive divorce legal services including filing your divorce petition, pursuing alimony and child support, and negotiating child custody agreements. Call us today at 443-589-0150 or submit an online inquiry form for a free consultation. Our offices are conveniently located in Towson and Hunt Valley, Maryland to serve clients throughout the state including the communities of Cockeysville, Lutherville Timonium, Upper Falls, Phoenix, Riderwood, Sparks Glencoe, Brooklandville, Butler, Stevenson, Glyndon, Monkton, Reisterstown, Pikesville, Owings Mills, Parkville, Boring, Glen Arm, Baldwin, Upperco, and Hyde.