Negotiating for Fair Settlement in Divorce
In divorce negotiations who gets what asset can be the most difficult part of the whole process. People sometimes have the winner take all mentality which leads to prolonged divorces. Negotiating is like a dance. One person takes a step backwards and the other one goes forward. The partners move in sync and sometimes apart from each other. They dance around some of the lesser issues to concentrate on what is most important to them. As in dance – flexibility is important. If your spouse is not going to budge on one item, go after something similar, or two smaller ones which may have an even greater value when combined. Lawyers and mediators are quite skilled in assessing and dividing property and investments. That said, consider having a neutral financial consultant on-board to help with a fair distribution. They can look at the assets in totality and advise a balanced split so one party does not get mainly retirement pensions and the other one cash. A few women now in their fifties who got more in liquid assets and very little in retirement benefits, are worried about their futures. Who knows what social security payments will be in the next decade and beyond. Look at what your present needs are in order to determine what assets are most advantageous to you. If you are a few decades away from retirement, it may be in your best interest to receive a bigger chunk of liquid funds. This way you can buy a house and pay off the mortgage. Being free of a mortgage puts more money in your pocket even with property taxes, upkeep and insurance bills. Perhaps student loans could be paid off if getting a lump sum settlement. If unsure what to do in your circumstance, meet with your…
Signs You are Dating a Narcissist
Narcissists can be charming people who are the centre of attention. The spotlight shines on them and it can be enticing to be their date. They crave admiration for their overinflated egos. Something may seem a bit off, but then one thinks,” must be my imagination” since they are the focus of an adoring crowd.
Benefits of Getting a Job during Divorce
The days of getting maintenance for life are over. High wealth spouses may get a large settlement, but it is rare to receive spousal support for decades. If you have been a stay-at-home parent – your solicitor may insist upon you finding a job during divorce proceedings for these reasons: You have a source of income. To get a sense of empowerment. One feels more in control of their life when being employed and not being financially dependent upon someone else. When both spouses are making some money (no matter how little) the balance of power shifts away from the sole earner. One does not appear desperate during divorce, even if earning much less than their former partner. The new job’s salary can factor into the maintenance equation. In some countries the amount of income for both spouses is taken into consideration. Instead looking at a potential salary which can be unrealistic, what one is presently earning in the new job may be used when determining maintenance. For example, a nurse who worked with her husband in an office got a divorce and lost her job. Her solicitor mandated that she get another one immediately. She did, but in retail. She had not worked in a hospital in over two decades, yet her husband and his solicitor were trying to say her salary would be X amount if she got a job in the operating room. This was an unreasonable expectation, especially when other candidates would be more qualified for that position. Her solicitor said no, what she is currently earning would be the guide for the amount of spousal support. Had she not gotten that lower paying job quickly, she would have received less in support. How do you go about getting a job in a hurry? Update your…
Take a Pause in Divorce
Divorce can seem like a roller coaster ride – speeding along at break neck speed with a multitude of decisions needing to be made. During this frenetic time it is okay to put the brakes on and take a breather. The mind gets overloaded when stressed out and one can feel like they are wandering around in a fog. This is when you hit the pause button. The Harvard Business Review said that taking a break from tasks helps one to reevaluate what they are trying to achieve. It is a way to step back and look at the whole picture so as not to get caught up in the minutia. This advice is helpful in the divorce process when one tends to just see what is immediately in front of them instead of the future outcome. It is okay to inform your mediator or solicitor that you require a short pause in the proceedings. Just as a computer stops and reboots for optimal functioning – do this yourself. Taking a pause, whether for a day or a week, resets your mind and body. Walking in a nearby park is relaxing and helps one to face the crazy day. There are many studies showing the benefits of nature on one’s mental and physical well-being. Dr. Marc Berman of the University of Michigan, USA conducted a study which found that walking in nature improved test subjects’ memories and attention spans by twenty percent. If you are forgetting details during your divorce, consider taking your break in a leafy area. When one feels pushed into hasty decisions – this can backfire down the road. Making snap decisions to move house or not taking a more diversified portfolio when splitting assets, can haunt you later. Think about taking an afternoon off from work…
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