The Do it Yourself Divorce:

Do it yourself Divorces are not highly recommended. Divorce is both legally and financially complex. Mistakes can be made that cannot be undone after the settlement is signed. These mistakes can have a long lasting negative impact on your future.

 

The Do-It-Yourself divorce may make sense, in a case where the marriage lasted only a few years, there are no children, and there are little or no joint assets/debts to be divided and both incomes are fairly. A simple case like this example may be a candidate for a Do-It-Yourself divorce that could be quick and and inexpensive. Even in a simple case like this, it is still recommended that each party hire their own separate attorneys to review the final documents.

The internet has no shortage of Do-It-Yourself advice and processes for sale. DIY divorce is no exception. As with a lot of things, you get what you pay for and it could cost you a lot more in the long run if mistakes are made that need a professional to correct. 

Tony Owings is NOT AN ATTORNEY AND DOES NOT PROVIDE LEGAL ADVICE. All information he provides is financial in nature and should not be construed or relied upon as legal or tax advice. Individuals seeking legal or tax advice should solicit the counsel of competent legal or tax professionals knowledgeable about the divorce laws in their own geographical areas. Divorce planning is a fee-only process that does not involve investment advice or securities or insurance transactions. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP®(with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

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