Sjoberg & Tebelius, P.A.
Serving Minnesota & Western Wisconsin

Trying to Save Money During Divorce? Avoid These 4 Missteps

sad woman.jpgThough there are certainly exceptions, most reasonable people don't want a divorce to be a long, expensive process. To get through it as quickly and fairly as possible, some pursue avenues that seem inexpensive and quick on their face, only to make things more expensive in the end.

The fact is that some cost-cutting measures ultimately cost more money to resolve. Here are four missteps to avoid:

Rushing through property division

Property division isn't always complicated, especially if the parties have few assets, or a clear idea about how they want to divide everything. However, oversimplifying the process, regardless of the assets involved, can be a mistake. Without careful attention, parties can overlook financial accounts (e.g., frequent flyer miles), undervalue property, or otherwise miss out on assets that they may have a right to under Minnesota property division laws.

Going it alone

Some people pursue "do it yourself" options for their divorce in order to cut costs. These solutions typically provide a cookie-cutter approach to what can be a highly personal and individual experience. By not seeking the guidance of attorneys, accountants, mediators, or other professionals, parties can miss deadlines, reach unlawful agreements, or fail to address certain details that seem unnecessary at the moment but could become extremely important in the years after the divorce is final. These mistakes can be costly to fix or address after the fact.

Deciding against negotiation

Negotiating fair settlements and custody arrangements takes time. Attempting to speed up the process by simply accepting whatever offer the other person makes can be a mistake if the offer is unfair. Taking time to negotiate during a divorce can allow parties to avoid long-term, unanticipated consequences that could be expensive to revisit.

Losing sight of the big picture

Divorce is a major life event. Trivializing it or racing through it because you are angry, want to save money, or are ready for a new relationship may feel satisfying in the short-term, but over time is often regrettable.

Family law matters like child support, child custody, property division, and spousal maintenance can all have a considerable impact on your life after divorce. As such, it is wise to think through the little details and how they can affect your big picture.

No Comments

Leave a comment
Comment Information
Client Testimonials

Client Testimonials

  1. “Thank you for providing personalized professional services to us during a time of grief and loss when family relationships were not the best. With an attorney on board to help manage legal matters, everyone had confidence that the best was being done. ”

    Read More…
  2. “Our estate plan was handled well. We never felt rushed and all details were fully explained. Sam is very professional, easy to talk to and experienced in all aspects of estate planning. He gave examples and explored alternatives for us to consider. Well done and thanks.”

    Read More…
  3. “I was given the name of the law firm by a family friend after helplessly pilfering through endless names on websites. I am grateful I called. I was connected with Dave Meier immediately and from the go, was treated with dignity, care and respect. Every visit to the firm was pleasant and professional. ”

    Read More…
  4. “We were highly impressed upon the level and capability of Sjoberg & Tebelius. They gently showed us that there was much more to achieving the Will in the correct format that will protect our children than the quick attempts we had made on our own. Great people to work with - achieving our desired results!”

    Read More…

Over 30-years of experience Serving Minnesota & Western Wisconsin

Sjoberg & Tebelius, P.A.

2145 Woodlane Drive
Suite 101
Woodbury, MN 55125

Toll Free: 888-892-7044
Phone: 651-315-8856
Fax: 651-738-0020
Map & Directions