Some couples prefer a do-it-yourself (DIY) divorce for various reasons. It could be the perceived simplicity, a desire to avoid conflict or save money. However, a DIY divorce can come with several risks that can lead to complications down the line.
Here are some of the pitfalls associated with a DIY divorce that you should be wary of if you are considering this option.
An unfair settlement
Some contentious issues in a divorce, like dividing marital assets and debts or determining spousal support require a clear understanding of your rights and entitlements. Otherwise, you risk agreeing to an unfair settlement that could have far-reaching financial implications on your post-divorce future.
Incomplete or incorrect paperwork
Filing for divorce in Arizona requires completing and submitting various forms and documents. Any mistakes or omissions in the paperwork can cause delays or result in difficulties in the divorce process.
Undesirable tax consequences
Without proper guidance, you may overlook some critical tax implications of the divorce. For instance, dividing some assets like retirement accounts or selling the marital home may attract taxes you may be unaware of. This can lead to unexpected financial burdens, audits and penalties.
Unforeseen complications
A DIY divorce may seem pretty straightforward, but you may run into complications that you had not anticipated. For instance, you may disagree over issues like asset division or child custody, which can prolong the divorce. Additionally, undoing some of the decisions made in a DIY divorce can be a costly and complex legal process.
The allure of a DIY divorce may seem attractive initially, but it is important to put your interests first. Prioritize your future and financial stability, keeping in mind that the divorce can impact your life for years. Having legal guidance can help protect your interests and ensure a fair settlement.