Typically, the majority of divorce cases do not end up in a trial. 90% of divorce cases end up in spouses reaching a settlement. With multiple cases being settled in a single day of mediation, it can be easy for things to be forgotten in a settlement. A few tips to keep in mind when negotiating a divorce settlement could help avoid common mistakes.
- Coming prepared.
It is incredibly common for a party to assume they don’t need preparation since there is no court to visit. Before making or accepting a settlement offer, a complete and accurate picture of the individual’s spouses should be known.
- Tax consequences shouldn’t be forgotten.
The tax consequences in a divorce settlement are generally overlooked with all the other procedures going on. However, this could have a long-term financial effect on the individual.
- Leave the room for negotiating.
Both parties to the marriage would be expected to drift from the original settlement position slightly, mainly if the two parties have some distance apart. It’s entirely acceptable for the spouse to leave the room to negotiate to a more acceptable compromise.
- Seeing the case from the spouse’s perspective.
After a divorce, the budget that would generally support one home should then be able to accommodate two households. For this reason, calculating the expenses and monthly budget would help both parties in the divorce be able to plan a more reasonable settlement for the divorce.
- Emotions shouldn’t control decisions.
The ultimate goal of the settlement procedures should be to receive a fair settlement and keep the legal cost to a minimum. Resisting the urge to get back at the spouse should be constricted. The procedure should be approached as any serious business decision.
When considering settlement, it is essential for both parties to identify the best interest of themselves as well as their future after the divorce. Seeking an adequate and affordable divorce attorney in Orlando FL would be able to help clients make the best of the situation.
The Erin Morse Law Firm is an Orlando based law firm that issues experienced and skilled lawyers that look for the best interest of their client while providing optimal service. The case is ensured to be directed in the right path and strives to make sure the Law Office of Erin Morse is a name to remember.