A divorce settlement isn’t an easy feat, and it could become a very lengthy process, which could go for many years. But instead of an emotionally and financially draining battle that could harm you, your ex-spouse, and your little ones, you could settle your divorce fairly.
To increase your chances of reaching a fair divorce settlement, consider these tips:
Know Your Legal Rights and Those of Your Children
Know what the divorce process involves and what you are entitled to under the laws in your state, says one of the top divorce lawyers in Nassau County. If you are going through the divorce without help from an attorney, you must be aware of all your responsibilities, including filing relevant forms, submitting the required documents, and meeting deadlines, among others.
You’ll likewise need to determine the divorce requirements, conditions, and what your goals are, which in this case is a fair divorce settlement. Don’t forget about what you want to happen regarding the custody of your children.
Do an Inventory of Your Finances
Among the most crucial aspects of any divorce is considering how it would affect your finances, especially if you’re seeking child custody. To start, you need to list down all bank accounts, whether joint or not, investments, pension accounts, and retirement accounts, essentially every financial account you and your spouse have. Your divorce lawyer would need this information to help you reach a fair settlement.
Take a Close Look at Your Bottom Line
Do you want to get sole child custody or joint custody with your spouse? Are you looking to keep the marital home or move away after the divorce? Perhaps you need alimony or spousal support? When defining the terms of your divorce, you are setting clear goals for you and your spouse to work out and refer to during negotiations.
Divorce isn’t supposed to be easy, and it is rare. You’ll get upset, overwhelmed, and then start overthinking every little aspect. It’s important to think straight and make the best possible decisions, not only for you but also for your kids.