If you and your spouse have made the choice to go your separate ways, there are some good reasons not to delay your divorce. The possibility of reconciliation is one of the leading reasons people postpone a divorce. However, if you know there is no chance of changing your mind, it is best to wrap up divorce proceedings as quickly as possible.
A divorce is not the most pleasant concept or experience. Often the relationship of divorcees can deteriorate during the proceedings. The longer the duration of the divorce, the more the chances of disagreements and resentment can form or increase. This is especially true if there are custody issues, but even those without children can develop resentment over the dividing of assets.
Acquisition of New Property or Assets
In most cases, dividing up property and assets is a complicated matter. This is especially true if there is not a prenuptial agreement in place before a divorce. A lot of discord comes from the splitting of property and assets when determining who acquired what and when. Arguments are common when deciding if one spouse has a marital right to another’s assets.
This complicated matter can be made even worse if a spouse acquires new property or assets during divorce proceedings or during a separation. It some cases, even if you are no longer living together, newly purchased items are still considered marital assets if you are not yet divorced. If you do decide to delay a divorce, understand anything you buy, earn, or acquire could be at jeopardy.
Change in Earning Potential
The amount of money awarded in a divorce, including spousal support and child support, is determined by how much each spouse earns at the time of the divorce. If you postpone divorce, there is the possibility how much you earn could increase or decrease. This could work in your favor or against you. If one spouse knows that decreasing income could result in a better settlement, delaying divorce gives them the time adjust or hide income accordingly. While it may seem incredible that an adult would be this deceptive, crazier things have happened in divorce.
A lawyer anywhere, from Wichita to a divorce lawyer in San Bernardino, would advise you to understand the consequences of putting off finalizing a divorce. In some cases, you could benefit from a postponement, but it could also be detrimental to your spirit and assets.