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Avoid these property division mistakes like the plague

Here's an obvious statement: divorce can be ridiculously hard. You and your soon-to-be-former spouse, with whom you may not be on the best terms, have to hash out extremely complicated issues like which spouse will be the custodial parent, how frequent visitation will be and how much one spouse may need to pay in alimony and child support. Of all these issues, though, sometimes the division of property can be the most contentious. Each side has his or her ideas about who should get the house, who should keep the artwork and who can hang on to that trinket Grandma Tess gave her son or daughter on her last visit.

Many couples make rookie mistakes when it comes to these matters, so let's talk about how to avoid some of the most common pitfalls of property division:

  • As soon as the relationship is over, begin separating loans and credit cards that are held jointly. Any common debts held at the time of the divorce can be the liability of both partners, regardless of who was responsible.
  • Understand and accept that your lifestyle is going to change. Before you may have had two incomes; now there's just one and you and the kids won't be able to do everything you did in the past.
  • Fighting to keep the home can be a blunder. It may be too much to take on financially and that's only going to lead to more stress.

As always, a family law attorney can be an invaluable asset who can walk with you every step of the way.

Source: dailyfinance.com, "Getting Divorced or Separated? 7 Financial Mistakes Not to Make," Lynnette Khalfani-Cox, June 9, 2011

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Minutes From Downtown Sacramento

Our office is conveniently located off Highway 50, just three miles from the Sacramento County Family Courthouse and minutes from Downtown Sacramento. For your convenience, we accept all major credit cards.

Victoria S. Linder Law Office
5303 Folsom Boulevard
Sacramento, CA 95819

Phone: 916-905-4805
Fax: 916-498-0127
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