If you are someone considering getting divorced, or your spouse is considering filing for divorce, you probably have a lot of questions and concerns. You may be wondering if you should hire an attorney, how you will share responsibilities and parenting time with your children, or how your assets and property will be divided. Additionally, you may be worried about how you will mentally and emotionally cope with the end of your marriage. There is no perfect way to get divorced, but there are some actions which can certainly convolute the process and make it more drawn out and expensive than necessary.
Hiding Assets or Lying About Your Financial Status
Everyone handles divorce differently, but there are some mistakes which should be avoided at all costs. Hiding assets is one of these mistakes. Divorce is a not only a personal separation but also a financial separation. Courts need accurate financial information from both spouses in order to make decisions about spousal maintenance, child support, property division, and more. Artificially deflating your income, failing to report a piece of real estate, or otherwise misrepresenting your financial circumstances can result in penalties, money sanctions, and a more problematic and expensive divorce. In order for things to go as smoothly as possible, it is critical that both spouses are honest regarding marital debt and assets.
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