Fowler Bell PLLC
call to talk with an attorney
Talented Problem Solvers Since 1942

Are there mistakes to avoid in a divorce?

Sometimes when you get a divorce in Kentucky, you are your own worst enemy. There are things you may do to make the settlement turn out badly. It can help if you go into the process knowing what not to do ahead of time. Here are some mistakes to avoid in a divorce as noted by CNBC.

The first mistake is not understanding the laws in your jurisdiction. You cannot go into a divorce situation without understand what the law says you can get, such as alimony and asset division. You need to learn about the applicable laws and how they will affect your case.

The second mistake is not being clear on your assets. This not only includes knowing about all the assets in your marriage but also knowing the value of your assets. You need to have a professional appraise your assets. It is important to get a valid valuation so you can get a fair division of your property.

The third mistake is funding your divorce with the wrong money. You should never dip into retirement accounts. You need that money in the future. Do not drain accounts you will need to survive after the divorce and in the future.

Finally, the last mistake is not understanding the tax implications. You should find out how taxation will work for each asset. This will also help you to ensure the property division is fair and that you do not end up with an asset that will cause tax issues in the long run. This information is for education and is not legal advice.

No Comments

Leave a comment
Comment Information
  • Best's | recommended insurance attorneys | listed over 50 years
  • Fowler bell pllc | listed in best lawyers linking lawyers and clients worldwide
  • Bar register | preeminent lawyers
  • Best recommended insurance attorneys
  • Best Law Firm In Kentucky
Email Us For A Response

Contact Our Law Firm For Assistance

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Fowler Bell PLLC


Fowler Bell PLLC
300 West Vine Street, Suite 600
Lexington, KY 40507

Phone: 859-252-6700
Fax: 859-255-3735
Lexington Law Office Map

Review Us