People can follow some steps to make sure they have better success in the divorce settlement negotiation process.
August 14, 2013 /24-7PressRelease/ -- Preparing for divorce settlement negotiations
Article provided by Daniella Levi & Associates, P.C.
Visit us at http://www.levidivorcelawyers.com
Many people who go through divorce manage to complete the process without having to go to trial. While the spouses may not be able to make their marriage work, they understand the stress and lasting emotional damage that a divorce trial can cause, and are able to cooperate to divide their property and arrange custody and visitation schedules for their children.
People need to go into divorce settlement negotiations prepared so that they reach an equitable settlement with their spouses and protect their interests. People can follow some steps to make sure they have better success in the divorce settlement negotiation process.
One of the first things people preparing for divorce need to do is gather important documents and make copies of them. Once one of the spouses leaves the home, it may be more difficult to obtain copies of documents such as:
-Bank account numbers and statements.
-Pay stubs for each spouse.
-Credit card numbers and statements.
-Titles to real estate and other property.
-Birth certificates and Social Security cards for all members of the family.
-Wills, powers of attorney or advanced health care directives.
-Retirement or pension plans.
-Stocks, bonds or other investments.
-Records of gifts or inheritances from third parties.
People should identify their priorities to determine what they want most out of the settlement. Once they have decided on the issues about which they will not negotiate, they can use others as bargaining tools in the negotiation process. For example, one spouse may be emphatic about having a particular custody schedule for his or her children's school year, and so may be willing to agree to a different custody schedule for the summer in order to get the other spouse to agree to the school year schedule.
People should be financially prepared for the divorce negotiation process.
They should review the family's finances, particularly if that spouse is not the one who typically handles money matters in the family, so they are aware of the extent of the family's assets and debts. Spouses should know all sources of income for the family in order to help settle spousal support and child support matters.
Setting a budget for post-divorce life can also help during the divorce settlement negotiation. That will help determine whether a spouse should to ask for spousal maintenance and how much they may need. People can also include long-term financial planning in the settlement negotiations to make sure that they have sufficient money for retirement.
People should also set up bank accounts and credit in their own names to make sure that they have access to funds during the divorce.
Get professional help
Divorce can be an emotionally straining time. Even if people believe they can accomplish their divorces without having to go to trial, they should not try to navigate the divorce process alone. It is critical to seek the assistance of a skilled divorce attorney with a record of successfully resolving divorce cases right in the beginning to help ensure that the process will go smoothly and be completed properly. If you are considering divorce, speak with a divorce lawyer who can look out for your interests and help you achieve a fair settlement.
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