Divorce Guide

Divorce Guide

How to negotiate a divorce settlement

Divorce settlement negotiation is all about maintenance of financial security between your spouse and you, with the help of a good attorney. It can help both the parties to avoid stress and cost that is involved in the whole divorce process. To get the best negotiation settlement, co-operation between both the parties is expected. Negotiation can be fairly settled if both the parties are aware of their financial needs, and future aspects. Form E is the document used for negotiation settlement to divide expenses and incomes among the parties.

Preparing for the negotiation settlement:

The primary objective of Divorce settlement negotiation is to secure both the parties economically and fairly. To prepare for the negotiation settlement one must determine the living expenses that are incurred in day to day life. Analyze your income and expenses as they can be the major part of your living. A list of family assets like investment a/c or real estate or retirement plan should be kept as a record. Try to resolve things on financial issues with your spouse to avoid noisy settlement.

Steps involved in negotiating divorce settlement:

Negotiation can be a key for successful settlement. It can help in bridging the gap between the couple on financial issue, which requires certain steps to be followed.

  • Make a list of topics you need to discuss in your divorce case. Schedule the time with your spouse for discussing the prospects and make him/her understand about your needs.
  • Consider the long term effects of the settlement as negotiating requires each party to represent their position in the division.
  • Consult the attorney to understand the family laws as it differs from state to state relating to property settlement or child support.
  • Discuss the matter with your attorney as he can help you out in making the agreement as per your wish and talk on the issues that havenít been resolved between you and your spouse so that he can put it in the agreement.
  • Court will review the agreement to make sure both the parties are ready to get into the settlement. Each agreement must provide detailed information to avoid further confusion.
  • Usually family court appoints a mediator for solving the issues related to alimony, child support, child custody or division of assets. If not appointed, then you can appoint a financial planner that can help you out to sort things.

While entering into the Divorce settlement negotiation it may take a week or month or may be year depending on how much you are ready to compromise in order to settle down the issue. Willingness to negotiate may turn out to be easy divorce, if you are firm on your decisions. Matters like child custody or property division, retirement plans come under negotiation agreement. For this it is necessary to keep record of all above mentioned documents, as they can be used as legal evidence. Argue on the issues you find are irrelevant and require changes. Whatever negotiation made in the settlement will not be changed so think of setting up the priorities according to the agreement.

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