view our Practice areas

Common divorce mistakes to avoid

Divorce can be tricky. It can be difficult to know what to do and what not to do during divorce proceedings. Here are a few hazards to avoid on the road to single life.

Social media is everywhere, and people seem to put their whole lives out there for the world's viewing. That can be a big mistake for someone going through a divorce. It's tempting to flaunt one's new-found freedom and adventures, but it can unintentionally give the other spouse leverage in the negotiations. For example, it's difficult for someone living in Connecticut to claim he or she can't afford spousal support while posting pictures relaxing on a tropical island or driving an expensive new vehicle.

Documentation is key. Before items start walking out of the house, gather and keep all receipts, banking statements and Social Security statements. These items may be useful during divorce negotiations as well as for other future uses such as tax planning.

Divorcees often fail to consider the tax consequences of their assets during negotiations. For example, different types of IRAs with the same current balance will have different values based on how they are taxed. There may be taxes owed if the home is sold. Also, spousal support can have significant tax consequences. When negotiating the terms of a divorce, the future tax consequences of the assets must be taken into consideration as failure to do so can result in a very different financial future.

Many people assume that divorce has to be a bitter, difficult, drawn-out battle, but it doesn't. Entering a divorce with a positive attitude, willing to negotiate and ready to move on to a brighter future can help the process immensely. Securing the help of an experienced Connecticut family law lawyer will make the process go more smoothly and quickly and can result in a better settlement. Allowing a professional to handle the details will eliminate stress and allow more time for planning an exciting new future.

No Comments

Leave a comment
Comment Information

We Listen, We Help, We Care

  • Hi Yuliana and Attorney Prince, Thank you so much for taking time out of your busy day to meet with me. I really appreciated how compassionate you were while listening to my situation, even through my tears. Thank you so much for sharing such valuable information with me. I left feeling very hopeful that when the dust settles, I’ll be ok.
  • Wendy helped guide us through a very difficult and emotional process and was really able to provide an even and fair account for both parties. It's quite evident in her expertise in this area but the way she was able to make you feel safe and secure in a very insecure time goes far beyond her legal prowess. If the two parties are really willing to cooperate and collaborate, she's there to help gain the best possible solution for all involved, especially if there are children.
  • Regardless of how committed one is to the fact that divorce may be imminent and necessary, it is truly one of the most emotional and stressful situations one can experience. It can also be daunting. Wendy has a remarkable ability to cut through the noise and help you focus on the big picture while drilling down on what is most pertinent to your particular situation., they are a formidable team who work collectively with your best interests in mind.
Email Us For a Response

Let Us Help You Move Forward

Call The Prince Law Group, LLC, in Stamford, Connecticut, at 203-977-3700 or contact us online to schedule your complimentary consultation with one of our lawyers. We will accommodate your schedule with an evening appointment. Spanish translator services available.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Prince Law Group BBB Business Review
Review Us

1 Atlantic Street
6th Floor
Stamford, CT 06901

Phone: 203-653-8483
Stamford Law Office Map

The Prince Law Group

Valet Parking at the Marriott Courtyard

Flexible Hours – Evening Hours Available by Appointment

Walking Distance to the Stamford Train Station