When a couple in Spokane moves forward with the end of a marriage, there are many divorce legal issues that will arise. Some are slightly confusing. Others can be important but neglected as one or both spouses simply wants to get the proceeding over with. However, if there are issues that are part of the divorce that a couple doesn't pay attention to, the situation is rife for mistakes that can be costly in the long run.
With property division, support for children and former spouses and other assets, the idea is that the division can be simple. If one spouse does not know or does not care about how the financial situation was run, then that leaves one spouse in control. The spouse who has a grasp on the money might not feel obligated to give everything that the other spouse might be entitled to. Having an idea about everything in the financial realm of the marriage is a smart first step to finding all the assets and getting what is fair.
Some spouses are under the mistaken impression that the other partner will simply give them what they are entitled to. Unfortunately, if certain issues are not in writing or there was no legal agreement that the spouse, for example, had access to a bank account and a right to it, the spouse in control of it might not give any of it as part of the divorce. Another possible issue is an inheritance. If there was a handshake or spoken agreement that the children would receive valuables, that can be suddenly ignored if the person remarries.
Failing to have the proper advice can be a negative. A financial professional who knows what to look for is key as it can be part of the divorce negotiation to settle the matter. While that is important, so too is having a legal professional for full protection of the individual's interests. To avoid mistakes that are often made in many divorces whether it is a high asset divorce or one of more modest means, that should be the first call that a divorcing spouse makes.
Source: mainstreet.com, "3 Worst Financial Mistakes You Can Make in a Divorce," Kathryn Tuggle, May 28, 2015