Commonly Made Mistakes in High Asset Divorce
Divorce is a traumatic experience and can change the way people think, act, and feel. Because individuals going through divorce are vulnerable, they are often at risk of making mistakes. The benefit of having an experienced and rational advocate working on your behalf is that we can watch out for your best interests at a time when you may be unable to do so.
Helping you keep emotions from driving decisions in your divorce
For the vast majority of people, it is impossible to entirely remove emotions from the divorce process. People are hurt, angry, vulnerable, guilty, and confused. All too often, these emotions drive behavior and cause people to make decisions that are not in their best interests. A guilty spouse may be inclined to agree to terms that negatively impact his or her post-divorce future. An angry or vengeful spouse may be motivated to draw out the process to inflict additional financial or emotional damage. During divorce, good people can fall prey to bad behavior. Having a rational attorney by your side can make a world of difference. You can trust our Murfreesboro-based high asset divorce attorneys to give you the space to process these natural emotions without having them forever impact your future or that of your children.
Let your Kidwell, South, Beasley and Haley divorce attorney advise you through the process of identifying assets and debts
In high net worth divorces, significant assets, investments, and property are at stake. Given the emotional stress of divorce, many mistakes are made during the process of identifying and dividing assets amassed during the marriage. Some common mistakes include:
- Hiding assets—When one or both spouses fears that money, property, or an established standard of living is at stake, the temptation to hide assets from a spouse can be strong. Not only is this morally wrong, it is against Tennessee divorce laws and can be punishable in court.
- Overlooking assets—Our Murfreesboro divorce team understands how exhausting the divorce process is. It can be tempting to gloss over assets to expedite the process. Doing so, however, puts important financial aspects of your life at risk. Decisions that initially seem to make the process easier can actually complicate your life after divorce.
- Not adequately accounting for debts—Dividing debts is part of property division during divorce. People forget to account for debt and further assume that much of their debt is attached to them personally. As with assets and property, however, debt should be equitably divided between spouses.
By consulting a Murfreesboro high asset divorce attorney, you can avoid many of these and other devastating financial mistakes.
Our experienced Tennessee high net worth divorce attorneys are on your side
The right attorney can make all the difference in a divorce. So can hiring the wrong attorney. Unfortunately, people sometimes gravitate towards inappropriate characteristics in a divorce attorney. Masking hostile and aggressive tactics under the guise of fighting for you, some attorneys only prolong the process and wrack up the costs—for their benefit, not yours. A true legal advocate offers honest counsel on what is in your best interests and what is not. You can find trustworthy and experienced divorce representation at Murfreesboro’s Kidwell, South, Beasley and Haley.
If you are facing a divorce, contacting a reputable attorney should be your first step. Through a free initial consultation, a member of our Murfreesboro high asset divorce team ensures your divorce is error free. Call 615-893-1331 or contact us online.