How To Divorce-Proof Your Business: The ESOP Or Property Settlement | home | The Family Social Network

April 17, 2011

Negotiating Your Divorce Settlement

Negotiating isn’t about getting the biggest slice of the pie–it’s about learning to make the pie bigger.

Here’s how you get started:

During a divorce, many people become very position-based, talking about settlement in absolute terms, such as “I want 100 percent of the 401(k).” They lose sight of their true goal, which is to be financially secure.

It’s important to always look for options. When you expand the position from “I want 100 percent of the 401(k)” to “I want to be able to retire like I’ve planned to and not worry about money,” there may be several ways to secure those retirement goals, and they may or may not have to do with the 401(k).

Many people think that divorce negotiations are all about compromise. This is only partly true. A win-win settlement occurs when both spouses accomplish their most important goals with the fewest compromises, and give away more on their less important goals. That is why it is so important for each person to set priorities, so you make sure the most important goals are accomplished.

via Diana Mercer: Negotiating Your Divorce Settlement.

posted to Divorce,Mediation @ 10:06 pm

No comments

RSS feed for comments on this post. TrackBack URI

Have your say:

XHTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>





How To Divorce-Proof Your Business: The ESOP Or Property Settlement | home | The Family Social Network