Although we rarely think of it this way, marriage and, consequently, divorce are business decisions as much as they are personal decisions. When a marriage ends, it is not only the spouses who separate but also the lives they have created together. This includes the home which they share together, their property, assets, debts and more. Undoing a marriage through divorce can be a tricky process. If you are planning to divorce, make sure to avoid these classic mistakes.
Overestimating Your Future Income
As the old saying goes, “It is better to be safe than sorry.” When you are deciding how the marriage will end, try to be conservative when picturing your life as a single person. Sometimes people overestimate what they will be able to afford on their own. For example, they may want to stay in the family home for sentimental reasons, but are not ready for the burden of the mortgage payments. If you are the lower-earning spouse, it is possible that you will receive spousal maintenance payments as part of your divorce settlement, but this is far from guaranteed.
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