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What pitfalls should I watch for in a divorce?

When faced with the potential of ending your marriage and all that goes along with that, it is no wonder that you could be prone to making decisions that are not ultimately in your best interest. Many other Texas residents have been in your shoes before and from them you could learn some of the common divorce pitfalls to avoid.

One big mistake that many people make when getting divorced is that they often segment different areas of their agreement instead of looking at them holistically. Forbes explains that seeing the connection between the number of days per year that you have your kids and whether or not you can claim a head of household deduction on your tax return can have far-reaching implications for you.

Similarly, it is important for you to step back and make sure you properly assess the full value or cost of receiving specific assets after your divorce. For example, keeping your marital home might feel secure but it may be a poor financial decision. The value of your home is not really the currrent market value but should include future maintenance, repairs, taxes and even capital gains or realtor fees if you eventually sell it. When you put all of those things together, the value may look very different in the end.

This information is not intended to provide legal advice but rather is meant to give divorcing spouses in Texas an idea of some of the common pitfalls that they should try to avoid during their divorce.

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