Opening Your Eyes To Divorce Settlements
Think divorce settlements are easy? Think again, because nothing could be further from the truth. Divorce settlements involve all the post-divorce arrangements, and not only the fixation of the alimony (also known as maintenance or spousal support in different states) as commonly believed.
Some Facts You Should Know
Divorce is a painful period even if it is undergone through mutual consent. You are choosing to end a relationship which at one point of time was the greatest highlight of your life. The divorce settlements are painful because trust is no longer a common factor between the spouses and each one would try to look after their own interests in the best ways they could.
Normally the wife would be entitled to alimony and an equitable share of the marital property. The alimony would be an amount of money that would help her sustain herself. In case the marital standard of living was very high and the ex-husband can afford it, the alimony would be fixed in such a manner that the ex-wife would continue to live in the same manner.
In order to get the best possible settlement you need obtain (with proof) a list of the sources of your husband's income, assets and capacity of earning. The best divorce settlements are secured when the overall income and property is properly and painstakingly documented with proof. In case you are not sure he is telling the truth about his worth and you are afraid that you would be cheated you could use the services of an investigative agency that could trace and document everything you need.
Influencing Factors
The factors that influence all divorce settlements would include the earning ability of both spouses, the custody of the children, the contribution of each spouse to the marital property, any temporary or permanent disability, the mental and emotional condition of the spouses, and the degree of guilt of the erring spouse among others.
You need to be very careful while making the list of assets. Do not forget to include the debts that were incurred during the marriage which would also be taken into consideration for the settlement.
Each state in the USA has its own laws and it is important that you consult with a divorce attorney from that particular state so you could know how to use those laws to get the best possible settlement with the least possible effort and cost.
The best way out, of course, would be to talk it over with your spouse and come to an agreement which would ensure that both parties are completely satisfied.
