The facts show that you have a 50/50 chance of staying married. When it comes to making a lifelong commitment, these odds aren’t very comforting. One of the first steps you’re most likely to take when you and your spouse lay divorce on the table is reaching out to a divorce attorney. Under Texas law, you do not need to be represented by an attorney for your divorce, but rest assured it is almost always the best option.
During your initial consultation, chances are your attorney won’t go into great depth about what you can do to protect your assets. That isn’t necessarily what the first meeting is meant to focus on. So, let’s use this blog post to take a looik at some of the things your attorney might not have time to share with you during that first meeting, so you know what to expect moving forward.
The court will expect you to settle, so gather important documents
When tempers are flaring and emotions are high, it’s easy just to walk out of the house and only have to deal with your soon-to-be ex-spouse in court. But don’t let your emotions rule you. Before you walk out, make sure to collect key records and financial evidence you may need for settlement negotiations. Gather copies of account statements, take pictures of assets, and document any important information that you think will be useful in court.
Don’t hide any of your assets
Hiding assets in a divorce is against the law. If your hidden assets are discovered, you could potentially lose credibility in court and face significant monetary penalties. In order to protect yourself, it’s best to be upfront about assets and property.
Familiarize yourself with your financial situation
If your spouse is the one who primarily handles the finances, this leaves you at a significant disadvantage. Being able to access accounts and see where you are financially will help you be able to make better choices when it comes to your next move in the divorce process.
Use any free legal advice available to you
It’s no surprise that divorce is incredibly expensive, with the average cost of legal fees in court amounting up to $15,000. Attorneys who offer free consultations will explain their services and talk you through the divorce process, but it is a time to size each other up as a client-lawyer relationship, not get free legal advice. You don’t want to spend a large amount of money on the first divorce lawyer you come into contact with. It’s important to find one who is going to be the right fit for you and your unique case.
If you’re ending your marriage on a bad note, chances are you aren’t too keen on compromising on anything. While you might be ready to fight every battle that comes your way, compromising on certain aspects of your divorce could ease a lot of potential headaches and save you money.
Divorce requires a lot of preparation and you want to make sure you have everything you need to make sure you get the property and assets you deserve.