For most people, going into the divorce process is an unfamiliar entity, so it is easy to fall into some common pitfalls. Divorce is rarely straightforward, but the process becomes difficult when avoidable mistakes are made. Whether you have just separated or you are a few steps along, here are the best ways to save time, money and unnecessary stress.
Failing to understand divorce finances
We often see mistakes like failing to get financial orders or overlooking what happens to pensions during divorce. That is why it is so important to have a clear picture of your financial situation.
Many underestimate the importance of full financial disclosure or assume assets can simply be divided informally. Financial orders are an important practice, protecting you from future financial claims from your ex-spouse. The long-term security of both parties and any children needs to be considered and valued correctly.
To avoid making financial mistakes, gather full documentation early, and seek professional legal advice before agreeing to a settlement.
Hiding money during a divorce
Some people worry about losing assets and money during a divorce, so shield them by transferring money, undervaluing property or concealing income. But this can have can have serious legal consequences.
Courts take a strict view of non-disclosure, and if hidden money is discovered, it can damage credibility and lead to a less favourable settlement. Always disclose assets honestly and completely. Make sure pensions, savings, investments, property and debts are all included in the financial disclosure process.
Please read more in our blog on: The dangers of hiding assets during a divorce.
Not using family mediation services
Rushing into hostile court proceedings can sometimes be done when emotions are high. However, there are other options to minimise confrontation and work towards the best agreements.
The benefits of family mediation services are great, offering a faster, cheaper and less stressful route to settlements. Mediation allows you to discuss arrangements for finances and children with the support of a trained neutral mediator, helping separating couples maintain control over decisions rather than leaving them to a judge.
The remarriage trap
A lesser-known mistake is the ‘remarriage trap’. If you remarry before securing a financial order, you may lose the right to apply for certain financial claims. This can have lifelong consequences, particularly where property and pensions are concerned.
Never remarry before resolving financial matters in your divorce, and ask for legal advice before taking this step.
Skipping legal advice for your divorce
Even if you remain amicable and a DIY divorce seems tempting, the application stage is only one part of the process. Understanding finances, parental agreements and long-term legal implications requires bespoke advice, tailored to your individual circumstances.
Speak with an experienced family solicitor early on. The right advice prevents costly errors and ensures your settlement protects you for the future.
Call Bellwether Solicitors to avoid costly divorce mistakes
We are a divorce solicitor in Kingston-upon-Thames, Richmond-upon-Thames and beyond. For expert advice, contact us.
