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Consider the long-term financial effects of a divorce settlement

When working through a divorce, couples in Massachusetts and elsewhere may get caught up in the emotional aspects of it all. For some, anger and frustration might take over their train of thought, while others may feel excited about the future and starting over. In either case, it is easy to make rash decisions and overlook the long-term effects the terms of a divorce settlement can have — particularly where finances are concerned.

While removing emotions from the divorce process is not a simple task, it is somewhat necessary. Allowing emotions to reign during this time can cause a person to accept divorce terms that are not truly in their best interest. As it can be incredibly difficult to change these terms once a divorce has been finalized, taking the time to carefully consider the long-term effects of any proposed settlement will help secure an agreement that both parties feels is fair and equitable.

Thinking financially and not emotionally is key to obtaining the best monetary settlement possible. Those preparing for divorce will only help themselves by gaining an understanding of their current financial state and determining what will be needed post divorce in order to start over. Gaining this full view will give each spouse a good idea of what to seek during negotiations.

Divorce is an emotional event. It will bring up feelings that can be difficult to deal with; however, these emotions do not need to get in the way of gaining the best financial settlement possible. Legal assistance is available to help divorcing spouses in Massachusetts negotiate terms that will keep their future financial interests at heart.

Source: Forbes, “A Fair and Equitable Divorce — Even During Valentine’s Day“, Jeff Landers, Feb. 10, 2015

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