By Mike Stetzer
Divorce can be a physically and emotionally draining time. Often, when people begin the divorce process, the first things that run through their minds are financial concerns. Among the most prevalent economic concern, if not the most prevalent, is of household possessions and the marital home.
There are many kinds of settlements that divorcing couples can agree to. A settlement is when the two parties in a divorce (or other legal dispute) decide on the amicable solution to a contested item. Settlements are looked at favorably by the courts because they are agreed to by both parties, and give the court less work to do.
Courts are often overworked, and are typically more than receptive to people reaching their own conclusions about what should happen when a dispute arises.
Also, as a matter of fairness, if two people can come to an agreement, it could be a more fair outcome than if the court, acting as a third party, imposes what they see from the outside as the best solution.
If you are going through a divorce and want to learn more about property settlements, or any other settlement issues, a local divorce attorney might be able to help. An attorney can help you make decisions about making settlements and tell you how your state's divorce laws apply to you.
To connect with a local attorney today, just fill out the short case review form below.
If you are going to attempt to settle your joint property interest, as opposed to having the judge determine who gets what, there are several factors that might help you determine what is most amicable.
When deciding who gets the marital home, children become important. If you have children that still live at home, the couple may decide to attempt to maintain the lifestyle the child has become accustomed to.
It may be easier for a child to transition from a two parent marriage to transition to a single parent if the child remains in the same school and neighborhood with his or her friends.
Depending on the housing market, it might also be an appealing option to sell the house and simply split the profits. This is can be a good alternative to deciding which spouse will be allowed to live in the house, or when determining which spouse will have to take the risks of selling it.
It may be much easier to split money down the middle then to try and balance the convenience and sentimental attachments of remaining a house versus other property items, such as cars.
If you and your spouse are having trouble, or are incapable of reaching a settlement for your property disputes, an attorney might be able to help.
You can connect with a local lawyer today and get legal guidance to help make these difficult decisions. Simply complete our divorce case review form to arrange an initial consultation with a family law attorney near you.