Call To Find Your Way Forward 203-583-8256

The Law Offices of James A. Cuddy, LLC

Call To Find Your Way Forward 203-583-8256

Call To Find Your Way Forward 203-583-8256

Direct, Honest And Fair Family Law Solutions

These tips could help get the best divorce settlement possible

Like most other Connecticut spouses, you got used to a certain standard of living during your marriage. Now that it is ending, you fear that you will struggle financially. While it is true that some financial changes are inevitable, you can work to get the best possible settlement.

Not all divorces deal with child custody issues, but all of them do deal with the division of property and other financial issues. It may feel callous, but when it comes down to it, approaching the divorce process as dissolving a business and putting aside your feelings regarding your soon-to-be ex-spouse could help you meet that goal.

These tips may help as well

First, you don’t have to end up in a courtroom letting a judge who doesn’t know you or your family make decisions for you that affect your future. You could keep control over the outcome by choosing to negotiate a settlement outside of the courtroom. Even so, you need to prepare as if you will end up having to plead your case in court. As a start, you could consider the following:

  • Close as many of your joint accounts as possible, especially if there is debt attached to them. Creditors are not bound by divorce decrees or settlements, so removing authorized users and the name of the party who won’t be responsible for the debt can help alleviate liability for that person.
  • Make sure you gather as much documentation as possible regarding marital assets and liabilities. You can’t effectively negotiate or present your case in court without all of the relevant information.
  • Understand the tax consequences of your choices when it comes to dividing assets. Two assets that appear on the surface to be of equal value may not be quite so even after taxes.

Another thing you may want to consider is limiting your social media presence during the divorce proceedings. You may think your Facebook, Twitter, Instagram or some other social media pages are private, but that would be a potentially costly mistake. More and more often, spouses are presenting evidence from these sources in custody and divorce matters. Staying away from it all together at this time would best protect you, but if that isn’t possible, at least censor what content ends up out there.

Moreover, no two families are alike. You will more than likely need answers to more in-depth questions. It may serve your best interests to use every resource at your disposal in order to feel that you walked away from your marriage knowing you did all you could to secure your future.