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How can I successfully negotiate a divorce settlement?

| Aug 26, 2018 | Property Division |

Dividing property and assets can be difficult for most Missouri couples facing divorce. Even if you have a good idea of who owns what and how marital property should be divided, your spouse might not feel the same way. That’s why BankRate.com offers the following tips to couples, to ensure they enter into negotiations fully informed.

Don’t let pride get in the way

Pride can have a negative impact on your divorce negotiations. For instance, you may feel that your ex is undeserving of a portion of assets related to a business venture or retirement plan. Despite your personal feelings the law may stipulate otherwise, which means that you’ll be obligated to part with at least some of those proceeds. Try to be reasonable when negotiating, even if you disagree with how the law is interpreted.

Don’t hide assets

In the same token, you may be tempted to hide assets from your ex. This is bad for a few different reasons. Firstly, it’s probable that these hidden assets will be discovered by either side’s legal team, which could result in a perjury charge. It may also result in an even longer legal process, which will incur higher charges for all involved. Be forthcoming about your assets to your attorney so you can devise the best possible strategy.

Don’t get angry

Most of all, try to keep your anger in check. While it’s natural to feel animosity towards your ex-spouse, acting out of anger usually works against you. Negative emotions only serve to cloud your judgement and could cause you to make decisions purely out of spite. Rely on your legal counsel when it comes to decisions and try to behave in a respectful manner when dealing with your former spouse.