A Fast Divorce Is Not Always Ideal

 Posted on January 03, 2017 in Divorce

When you are facing the end of your marriage, you may be inclined to complete the divorce process as quickly as possible. In fact, many lawyers and law firms will even lead you to believe that faster is always better. The reality, however, is that a quick resolution is not always the best option, especially if you and your spouse own substantial wealth. It is imperative to approach each aspect of your divorce carefully, even if it means taking a little longer than you would like.

Looking for a Quick Exit

There are many reasons why you may wish to have your marriage legally dissolved quickly. You may have met someone new and are ready to pursue a relationship. Or, you may want to put as much distance as possible between you and your current spouse after years of bitterness and fighting, no matter the cost. It is not unreasonable to hope for a fast divorce, of course, but you need to be sure that you are not sacrificing too much along the way.

Possible Dangers

Your divorce represents the dissolution of the marital contract between you and your spouse. As such, it is a complicated proceeding with many steps. One of the most important steps is the full disclosure of each spouse’s financial situation. No matter how much or how little you make, going too fast at this stage can have a dramatic effect on the outcome of your divorce. If you fail to disclose a particular asset or source of income, you could ultimately be accused of hiding assets, even if you simply forgot. Hidden could lead to the reopening of your case at a later date, defeating your intention for a fast proceeding.

Going too fast can also be expensive. If you sign an agreement regarding property division or maintenance without reading it carefully and understanding it, you could end up paying much more than your fair share. You may also be shocked down the road when the tax implications of your property settlement become apparent, leading to even more unexpected expenses.

Do Not Skip Hiring an Attorney

You may have heard that hiring an attorney for your divorce will cause the process to slow down and take longer than necessary. In practice, however, an attorney can help move the proceedings along while protecting you from unpleasant surprises. To learn more about how we might be able to assist you with your case, contact an experienced DuPage County divorce lawyer today. Call 630-352-2240 and schedule your free initial consultation at Pesce Law Group, P.C.

Source:

http://ireport.cnn.com/docs/DOC-1074216