The division of property and assets can be unclear and difficult when it comes to divorce settlements and negotiating an agreeable arrangement when doing it yourself. Next to custody battles over the children, it is usually the next biggest hurdle to overcome before both parties can truly move forward and get on with their lives.
Let’s look at some tips for making this process a lot smoother.
A Prenuptial Agreement
If you don’t have one of these in place at the start of the relationship, then it will play no role in the division of property. If a marriage or relationship should break down in the future, a pre-nuptial should be prepared to make the process of dividing up assets and debts promptly and efficiently.
Know Your Rights
It is best to talk to a Lawyer at Caldwell Family Lawyers on this matter as soon as possible, even before a divorce application is filed. There is nothing worse than not knowing where you stand when it comes to the division of property, assets and accumulated debt in a broken marriage. Once your rights and obligations are identified, you will have a greater understanding of the process and entitlements available to each party. This will lead to less disputes regarding property and a more congenial settlement overall.
Strive to Be Fair
Parties proceeding through a divorce will often find it difficult to think logically and let their emotions take over their decisions. A lot of effort is involved to identify the balance. However, if one party can manage to be fair then it speeds up the procedure.
Try and Avoid the Courts
Mediation is an alternative method to Court. It is a good way to avoid lengthy court proceedings and excessive costs. Caldwell Family Lawyers offer mediation services as we believe that an agreement can be met without going to court.
Get an Expert
Get in touch with family law professionals at Caldwell Family Lawyers. We are experts when it comes to successfully mediating and negotiating division of property and assets, so make an appointment to speak with us first.