DIY trends are no longer reserved for home renovations projects. Some separating couples believe they can DIY their divorces too. However, divorce isn't like a home project. There are no do-overs if things go awry or a party fails to protect their rights. To add insult to injury, DIYers can end up spending more money fixing their mistakes than they would have paid to hire legal counsel at the outset.
Bottom line—when it comes to divorce, an ounce of prevention is worth a pound of cure. With this in mind, here are 3 reasons why a DIY divorce is a bad idea.
Reason #1 Understanding The Law is Essential
Problems in a divorce don't reveal themselves at the beginning. You realize them when you are wading through the nuances of your marital arrangements and find yourself at the end of a Google search results with no answers.
Hiring a seasoned divorce attorney means that you have someone on your side who knows the law and how to apply it to your unique circumstances. With this knowledge, your attorney can provide sound legal advice and give you the peace of mind that you are making informed decisions throughout the process.
Reason #2 - Understanding Legal Procedure is Critical As Well
In North Carolina, the procedures you follow in filing for divorce may determine the outcome of your financial life for years to come. Not only do you have to complete the forms and serve them within a particular time frame, but you also have to know which divorce claims to file. For example, you may file claims for child custody or support at any time. However, you must file claims for alimony and equitable distribution before the court grants your divorce. An experienced divorce attorney knows which claims and filing procedures are necessary to secure the best possible outcome for you.
Reason #3 - Proper Tax Planning Is Critical
Many DIYers don't know how the division of marital assets will affect their taxes. This means their separation could result in huge tax bills, which rapidly deplete the very assets spouses worked hard to preserve during the marriage. An experienced divorce attorney can advise you of the potential tax consequences and provide advice to ensure the best possible outcome for your finances.
Hire Great Legal Counsel
Don't let DIY trends push you into the deep waters of divorce proceedings without proper legal counsel. Contact Caulder and Valentine or call us at (704) 470-2440 to schedule your private divorce consultation today.