Divorce play with your emotions, but it does not have to destroy your finances. If you are concerned about losing money or not supporting yourself after a divorce, hiring a knowledgeable family lawyer is the best step. A family attorney at Shaffer Family Law can not only help you with legal representation, but they can also help you preserve your finances by avoiding the common financial mistakes people make during and after their separation.
Division of Property
The division of property is a significant aspect of most divorces. Arizona is a community property state, meaning a married couple’s property is divided into marital property and separate property. Marital property includes assets and property obtained throughout the marriage. Separate property is bought before the marriage and belongs to the party that acquired it before the marriage.
Do not let Anger and Fear Cause Financial Mistakes
Divorces are highly emotional conflicts. Many people have a roller coaster of emotions – from anger to fear. But letting your emotions get the best of you can cause you to make significant financial mistakes in the heat of the moment. Obtaining legal advice before you make any financial decisions or take action regarding your finances can save you so much in the end.
Do not Fight to Keep a House You Cannot Afford
If you end up paying alimony or child support, you may not have the means to keep your home. It is vital to know where you are financially throughout the divorce process. If you do not have the money to keep your house, do not fight for it. Recognize that during this transition, you will need to make a lot of changes, including moving into a smaller home. Your goal should be to make a move and move on with your future.
Going through a divorce can be easier with the help of an attorney from Shaffer Family Law in Chandler. Give our office call today at (480) 470-3030 to get started