Thursday, August 11, 2011

The Divorce Settlement

What is a divorce settlement? When getting a divorce it is necessary to come to an agreement regarding who will get certain property and who will be responsible for the joint debt. This is usually referred to as the divorce settlement.

A couple generally has two options. They can decide among themselves how to divide their property and how to handle such issues as child support and custody.

The second option is for each person to hire a separate lawyer to represent them in court.

If a couple can come to an agreement among themselves they will benefit both financially and emotionally. Property in a marriage is generally split 50-50 and child support is usually determined by the court. There is no benefit to fighting over these issues. unless you think your spouse is being dishonest or is hiding some of their assets.

There are a lot of legal questions involved in a divorce. If you and your spouse have any questions as how to divide your property and assets you could consult an attorney many lawyers will give you the first consultation free. An attorney can answer all your questions and determine if your divorce can be settled simply or determine if you might need their services.

So if you possibly can sit down with your spouse go through the options and determine what path would be best to take.

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