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Key Tips to Remember During Settlement Negotiations

The end of a marriage can be a difficult time for couples in Kentucky. Not only do spouses have to deal with the emotional fallout, but the practical logistics of divorce can also present many challenges. Negotiating with a former partner about the divorce settlement can be challenging and complex. However, an arrangement will be necessary for both parties to settle and move on.

There are a few tips to keep in mind when negotiating a divorce settlement. One key concept is to be aware of one’s finances before going to a settlement conference. This is especially important when dealing with asset division, child support or spousal support. Going into divorce negotiations without solid financial understanding can lead to poor decisions.

It’s also important to be aware of the best and worst scenarios for the settlement, particularly as they relate to financial matters. Soon-to-be exes should compare these costs to those of a full court hearing in order to determine the value of settling early.

It’s also vital to understand one’s legal rights and duties. Even a negotiated settlement must follow state law. Parenting time and child support are two matters that require a solid legal basis during the settlement process. In addition, it can be good to spend time thinking about one’s own key needs and wants in the divorce — as well as those of the soon-to-be-former spouse. Understanding one’s own desired outcomes and those of one’s ex-partner can help to create a more successful settlement.

Whether a person is going through a full court hearing or a private settlement and mediation, it’s important to have access to a divorce lawyer. Legal counsel could advocate for a client’s interests and provide key guidance about all aspects of a divorce settlement.