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Divorce negotiation requires preparation

Getting divorced can be a huge emotional stressor in addition to causing financial stress in New Jersey. This is especially true for couples who cannot agree on matters such as property division. A thorough understanding of the law may help people more confidently fight for their best interests when dealing with these types of issues during a divorce proceeding in New Jersey.

If two individuals are willing to try to find common ground during their divorce, negotiating the divorce may be a wise idea. This may end up saving them both money and time. Before going through the negotiation process, it is important that people understand their finances. Only then can they more accurately determine, with proper legal guidance, how to deal with matters such as asset division.

It is also wise to go into the negotiation knowing exactly what one wants. People may choose to write down all of their wants and then rank them according to which ones are the most important and thus are the most important to negotiate for. It is also critical to know what one needs in order to financially stay afloat following the divorce, including how much spousal support may be needed.

In addition to focusing on one's own financial situation, it is expedient to also consider the needs and wants of one's spouse during negotiation. The more people have insight into what their future exes want and need, the more they can negotiate in a way that will satisfy both parties. An applied knowledge of divorce law may increase a couple's chances of achieving a settlement in a mutually beneficial and amicable way in New Jersey.

Source: The Huffington Post, "How to Negotiate Your Divorce Without Losing Your Shirt", Karen Covy, Aug. 28, 2015

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