Hello, the name is Marceline Georgio. I hope to share my story with you all to inspire others to approach DUI charges appropriately. I supported my brother through his difficult years and saw the effects of improperly handled charges first hand. He never wanted to deal with the prosecutors, judge or jury in the right manner, which netted him lots of extra time and fines in the end. I hope to share information about the way DUI charges work and the proper way to handle that situation. I also want to discuss the different punishments that arise from driving under the influence. I hope to inspire others to take the right approach when faced with serious charges in court. Please visit my site on a regular basis to read new articles as they come. Thank you.
Are you facing a divorce? Divorce is never a pleasant outcome in a marriage, but sometimes it's the best outcome for both parties. A divorce can be a complicated process, especially if it's contentious. You may battle over child custody, spousal support, the family home, and more. Sorting out finances can be one of the most challenging aspects of divorce. You and your spouse likely want to retain as many assets and income as possible. However, you can make mistakes in this process that can have consequences for years. Below are a few financial mistakes to avoid as you navigate divorce.
Not Getting a Full Financial Picture
You may think you know about all of your income and assets, but it's possible that your spouse has kept some money out of your view. That's especially true if your spouse handles the money. They could have savings or investment accounts you're unaware of. They also could have debt that you don't know about. Getting a full view of your financial picture to negotiate your divorce with full knowledge and awareness can be worthwhile. If your spouse won't disclose information, you may need to take them to court or hire a forensic accountant to piece the puzzle together.
Underestimating Your Post-Divorce Expenses
If you've lived in a two-income household for years, you may not fully understand your expenses as a one-income household. You'll likely have bills like rent or a mortgage, utilities, insurance, and more. You'll likely need to contribute to their care if you have kids. Take some time to create an individual budget so you know your expenses and income after your divorce. This will help you fully understand your needs and be more informed as you negotiate things like spousal and child support. It is very hard to revise spousal and child support orders after the divorce is final, so it pays to get it right the first time.
Hanging On to an Asset You Can’t Afford
You may want to keep certain sentimental assets, like the family home, a vacation house, or even a car. However, consider whether you can afford to maintain the asset after divorce. Many people fight to keep the family home only to realize that they can't manage the upkeep, utilities, taxes, and other expenses. The result is that they're forced to sell the home anyway. It may make more sense to sell these assets during the divorce process to provide you and your spouse more liquidity and budget flexibility. Honestly assess your financial situation and whether you can really afford to keep these assets.
Preparing for a divorce? Talk to a law firm, such as Reisinger Booth & Associates, in your area. They can help you assess your situation and develop a strategy to protect your financial future.
Share29 June 2023
