If you are like many American couples facing divorce, you may worry about how the court might divide the many assets that have become part of your shared estate. From real estate to business holdings, you may worry that divorce will mean that you both take a major financial loss that could impact your separate futures for years to come.
However, if you and your future ex can agree to negotiate a settlement outside of court, an uncontested divorce may be a financially healthier alternative to a litigated battle.
1. Minimizing emotional stress
Divorce litigation can make it feel like one side has to win out over the other. That can make it difficult to make clear-headed decisions about present and future finances. An uncontested divorce may give you and your future ex the time, privacy and presence of mind you need to negotiate effectively.
2. Assessing marital assets
Whether you share a family business, own multiple real estate properties or have other shared investments, complex property division matters deserve careful consideration. Avoiding court may help you both to make a clear assessment of your assets and your options.
3. Maintaining control of the outcome
In a litigated divorce, a judge has the final word on dividing your assets. By agreeing to negotiate out of court, you and your future ex maintain control of how to handle complex financial decisions in a way that truly works for your family.
Litigation may be necessary if you and your spouse have deep, irreconcilable conflicts. However, if you want to focus on building a strong financial foundation for the future, settling your divorce out of court may be the better option.