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Getting a fair financial deal in a divorce

When a New York couple is facing the end of their marriage, it can often be a difficult process. Emotions can run high, and there is a lot to consider when it comes to the variety of issues that have to be addressed.

Unfortunately, some individuals find themselves so caught up in the stress of divorce that they fail to protect themselves legally and financially. The reasons are understandable. They may be heartbroken, depressed, or simply eager to get the divorce over with and to move on with their life. Rushing the process, however, is a common mistake that can have an adverse effect on a person's post-divorce financial health.

At the outset, it is important for people to develop a strong understanding of their financial situation. There are several layers of finances to consider. The first is their own financial situation, including income, job prospects, debts and assets. The second is the financial situation of the other spouse. The third of course is any jointly-held property or obligations that must be dealt with. The failure to consider all of these can result in an unfair settlement.

As there are several divorce legal issues that will arise, a person who is facing a marital break-up may find it advisable to have the assistance of an experienced family law attorney. A key element of the divorce proceeding will be property division, and in many cases the attorney can negotiate an agreement that will be more to the client's advantage than what a court would order. In addition to that element, the settlement agreement can address other applicable matters such as custody and visitation.

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