Financial surprises may only add to the stress of divorce | Lane & Lane, LLC
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Financial surprises may only add to the stress of divorce

The end of a marriage can be a stressful life event and knowing what to expect from the subsequent process can be a challenging task. Since a divorce could have a significant impact on a person's life, many individuals in New Jersey may benefit from seeking advice on how to prepare for what comes next. Seeking guidance in forming a strategy for negotiations can be essential and may even help a person avoid potentially devastating surprises during divorce proceedings that could prove harmful to his or her future.

In equitable distribution states, such as New Jersey, the division of property doesn't have to be equal, but it must be fair. One thing to note about this process is that it not only concerns the division of assets, but may also include marital debts. Being fully aware of all marital debts and the role they could play in the process could be vital to pursuing a favorable outcome and reducing the likelihood of being taken by surprise during negotiations.

Other scenarios that could take a person by surprise during divorce proceedings may pertain to having assumptions of how the process will go. Assuming that one will obtain possession of certain assets or that child or spousal support payments will persist throughout life could leave a person at a disadvantage. One may also find it advisable to consider how the process will affect him or her financially and take steps to prepare for life after divorce.

Going through a divorce can be daunting enough as is, and financial surprises may only add to the stress of the situation. Those who have decided to dissolve a marriage could choose to speak with an attorney early on for guidance on covering every aspect of the process. An attorney can help a client in New Jersey gain a better understanding of what to expect and provide guidance on making informed decisions regarding his or her future during divorce proceedings.

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