6 Reasons Not to Hide Assets in a Michigan Divorce

Getting a divorce is typically a painful and stressful thing to deal with for most. Unfortunately, you can make an already bad situation far worse financially when you choose to try and hide assets while going through a divorce. In an attempt to keep money, property and the like away from your spouse, you will end up paying a lot more as a consequence for trying to hide assets. If you’ve been thinking about “putting something on the side” or conveniently failing to mention “extra income” you're setting yourself up for financial hardship. To help keep you and your bank account out of harm's way, here are 6 ways to avoid making unnecessary financial mistakes during your divorce.

Spending Mistakes That Will Affect Your Divorce Proceedings

In 2012, Dr. Terri Orbuch, a research professor and psychologist at the University of Michigan's Institute for Social Research, conducted a study of divorced couples. In that study, 49% of the 373 divorced couples who participated stated that fighting about money issues including poor spending habits, lying about money and ignoring financial issues ultimately led to their divorce. So it's no wonder that even during a divorce, couples continue to make some of the same spending mistakes that often end up causing long-term financial problems.

Let's take a look at some of the most common spending mistakes made during a divorce and also include tips on how you can avoid making the same mistakes. (And keep in mind that there are other costly divorce mistakes that actually have nothing to do with finances.)

Safeguard Your Marriage From Divorce - Ways to Prevent Infidelity

Trust in a marriage is crucial. When that trust is broken, the rest of the marriage can crumble very quickly. One of the biggest ways to break trust is to have an affair in the marriage. Fortunately, there are some ways that you can prevent infidelity from occurring at all in the marriage.

Living the Single Life Again After a Michigan Divorce

We all live our life somewhat habitually. We get up and do the same things every day and feel comfortable and safe because of it. After a divorce or separation our lives are uprooted and our habits need to be adjusted. You will discover that there are some things that are going to be hard to adjust to, but everything will settle down as time creates new habits for you as a single person, and eventually you will enjoy this new and exciting way of life.