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Poor decisions during divorce may have long-term effects

Divorce can understandably be a stressful time. However, faulty decisions could end up haunting an individual for years. A few tips might help people going through a divorce in New Jersey to make educated decisions designed to benefit them in the long run.

First, it is good to approach the divorce with the goal of getting out as quickly as is reasonably possible. The divorce process is essentially a big negotiation during which assets and debts must be divided. It makes sense to figure out early on what are absolute deal breakers and what issues do not matter as much.

Staying calm and being smart, rather than being ruled by anger and the desire for revenge, are essential during each stage of the divorce. This is especially true if the parties will be co-parenting in the coming years. A judgment of divorce can have far-reaching consequences, often affecting the parties for the next five, 10 or even 15 years.

It is ideal if both parties can work toward a settlement that considers both of their interests and meets their individual needs. This will help them avoid litigating their divorce in court, which can be expensive, time consuming and stressful. However, the parties may end up having to go to court if they cannot find common ground. In this situation, a judge will determine how to divide the couple's assets in what he or she deems to be an equitable fashion in New Jersey. The judge's decision, however, may not be in line with what either or both parties prefer.

Source: The Huffington Post, "How to Protect Yourself During Your Divorce", Al Corona, May 3, 2016

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