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The value of setting goals for property division in a divorce

On Behalf of | Dec 4, 2024 | Divorce

People preparing for divorce can expect a roller coaster of emotions. Even those who believe they may be happier after divorce may still struggle throughout the process. Divorcing spouses often focus on every minor issue that arises.

They end up fighting unnecessarily over details that do not matter much in the long run. Doing so may increase the stress levels they experience at the overall cost of the divorce. In most divorce scenarios, the people preparing for the end of a marriage need help focusing on the right priorities throughout the process. Establishing clear and reasonable property division goals can help spouses avoid scenarios in which they waste their energy and resources fighting unnecessarily.

No one really wins in a divorce

People become so focused on each dispute that arises during divorce that they lose sight of the big picture. The purpose of divorce is to sever legal and financial ties so that people can move on with their lives.

Particularly when an individual resents the divorce or blames their spouse for the failure of the marriage, they may want to feel like they win during the divorce proceedings. The courts do not create scenarios in which someone wins the divorce by retaining most of the valuable marital property.

The goal during asset distribution is a fair or equitable outcome. While there may be certain issues that have a greater emotional impact than others, the overall economic outcome of the divorce should be as fair and reasonable as possible. People who understand the way the courts approach the process may find it easier to focus on the big picture as they prepare for divorce.

Goals help people prioritize important matters

Perhaps the spouses run a business together, and one spouse hopes to keep the company after the divorce. Maybe they own a home together. Setting a reasonable fair market value for the property and securing a portion of the equity might be the main goal in such scenarios.

People who set goals based on their long-term financial needs after the divorce can focus their energy and efforts on achieving those specific terms. Instead of wasting time and resources fighting over every question that arises, they can compromise in some areas to obtain terms that help them enjoy the best standard of living after the divorce.

Having realistic and achievable goals when preparing for divorce negotiations can help people limit their stress and expenses. Spouses who understand state law may have an easier time letting go of petty conflicts in the hopes of obtaining a better overall outcome.