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Getting the most in your divorce settlement

Life will change post-divorce, and you need to be well prepared. It means readjusting any long-term financial plans you had in place with your ex-spouse and making new ones based on your new life. But, before all that, it is important to ensure that you get your fair share of marital property.

Property division does not have to involve the courts, especially if you and your spouse can agree on how to go about everything. Both of you can do this by signing a marital settlement agreement and getting the court’s approval. The agreement must detail how the marital estate will be shared, custody arrangements, and child support or alimony obligations.

Some tips to help you along

The first step is to ensure you have a complete picture of the marital assets up for division. This includes debts, retirement accounts, or even outstanding taxes. Only with all the marital assets and liabilities on the table can you get what you deserve from the divorce settlement.

Importantly, do not settle for anything for the sake of it. Despite the emotions you may be going through, ensure that the agreement you consent to is fair and is in your best financial interests. Having legal help makes it less likely you make mistakes.

What if you believe the settlement you got what unfair?

Did you consent to an agreement under duress or undue influence? Did your ex conceal important information? If it’s the case and you end up with an unfair or unjust settlement, you need to take action and protect your legal rights.

You may file a motion to reopen your divorce case to have the issues addressed. However,  it can be a legally complicated and complex affair, which is why you need to be well prepared before taking any such actions in pursuit of justice.