When it comes to divorce, emotion may trump logic. Even in cases where both spouses wanted to end a marriage, the divorce process and finality it brings can stir up all sorts of confusing and difficult feelings and emotions including sadness, regret, nostalgia, uncertainty, anger and resentment. For a divorcee, allowing feelings and emotions to guide one's actions and reactions can be damaging in a number of ways, including financially.
Individuals that are going through a divorce who become blinded by emotion are likely to regret concessions they agreed to and decisions they made during the divorce process. Take for example a woman and mother of two who filed for divorce after discovering her husband had been unfaithful. Overcome by feelings of anger, resentment and sadness; the woman vows to keep the family home at all costs.
Part of her rationale for fighting for the home stems from a desire to spare her children the heartache of moving and enduring yet another major change. She also, however, wants to keep the home based on revenge as her husband designed and built the home and always considered it his biggest accomplishment. When the woman relays her plans to fight to keep the family home which she knows her husband also wants, her divorce attorney advises against doing so and simply hands the woman a calculator and provides a set of numbers for her to add and subtract.
When an individual is in the midst of a divorce, it can be difficult to think rationally and logically. In truth, the woman would take a huge financial hit by keeping the family home. Yes, if she managed to keep the home in a divorce settlement, her husband would likely be upset, but is that worth the $300,000 or more she may lose out on?
Divorcing individuals face many challenges while going through the divorce process and often have difficulty thinking and making rationale decisions. A divorce attorney can answer questions, provide advice and counsel on how best to provide for one’s current and future financial situation.
Source: The Huffington Post, "The #1 Secret Weapon and Surprising Best Friend In Your Divorce," Morghan Leia Richardson, June 27, 2014