Repercussions of a Rushed Divorce
Anyone who has been through a divorce knows that it can be one of the most challenging times to get through. The emotional and physical act of separating from a person who you share many aspects of life with may reverberate far into the future. The pros of a divorce are often overshadowed by the process. You may be in a rush to get it done and move on, but this may prove detrimental to your future. Take a look at how a quick divorce may impact you long term.
Your Financial Picture Is Bleak
In an effort to get a divorce behind you, you may compromise on things without regard for what it means for the future. Once a marital settlement agreement Tampa is signed off on by the judge and filed with the court, it is final. If you rushed ahead and agreed to financial terms that are not in your best interest, such as:
- Foregoing alimony
- Taking on more of the debt than is fair
- Taking less of the assets
- Signing away a retirement account
These decisions may sink you deeper into debt and make bankruptcy more of a possibility.
You Don’t Get Your Children Enough
If you and your spouse have children in common, you will have to settle child custody, support and visitation. Child support and timesharing can be modified, but there are limitations to this. For example, in some states, you may have not be able to adjust support up or down without meeting a certain threshold for a change in income. Visitation modifications may need to go back through the court if your former spouse is not agreeable to your request. Changing your legal custody rights, however, might be the most difficult decision to overcome and change in the process. Giving up your legal rights to make decisions for your children to get through a divorce may cost you dearly down the road.
Most marriages don’t end overnight, and likewise, neither do divorces. Take the time you need to decide what is most important before signing a divorce agreement prematurely.
