Managing finances is a complicated process. However, getting a divorce may make this already-complicated process even more complex. A few tips may help those going through divorce in Pennsylvania to maintain their sanity when navigating its financial aspects, such as property division.
First, it is critical to consider both sides of the property division issue. This can be difficult considering that tempers often flare during a marital breakup. However, making smart financial decisions — ones that benefit both parties — will lead to more harmony in both the short run and the long run.
Second, not heeding unsolicited advice is important. Family members, friends and acquaintances may be eager to share their horror stories and provide recommendations based on their own divorce experiences. However, heeding only the advice of professionals whom one trusts, such as one’s attorney, is critical for making informed financial decisions during a marital breakup. In addition, amidst all of the advice that a divorcing individual receives, the final decision on a matter is ultimately up to him or her.
Even though divorce generally is not an easy process, that does not mean it has to be an acrimonious one. If two divorcing individuals are willing to go through mediation or negotiation rather than going to divorce trial, they may save themselves money, time and heartache. Otherwise, they have no choice but to go to trial, where a judge in Pennsylvania will ultimately decide how property division and other matters will be determined as part of the divorce proceeding. Unfortunately, the judge’s decisions may not necessarily be in alignment with the divorcing parties’ wishes.
Source: usatoday.com, “Getting a divorce? 20 tips for maintaining your financial sanity“, Josh Smith, May 30, 2018