As a Utah couple’s marriage ends, the parties may simply want the matter to be closed as soon as possible. That desire can result in one or both parties being dissatisfied with the divorce settlement. By taking a step back and taking the opportunity to ensure that the settlement is fair, at least one of the parties’ futures could be brighter.
Nearly 73 percent of people who get divorced experience a significant reduction in his or her standard of living. At the same time, the other party enjoys a 42 percent increase in standard of living. A fresh set of eyes on these potentially questionable divorce settlements could change these percentages.
During the divorce process, it can feel as if time is standing still. The individuals involved would like to get back to the business of living and just get on with their lives. This can lead to one party accepting a deal that may not be in his or her best interest in the long run. It may seem like a good deal in the short term, but as life moves forward and the parties’ circumstances change, it can become painfully evident that the settlement would not stand the test of time.
At a minimum, it may be a good idea to have the divorce settlement reviewed by someone else prior to signing it. Sometimes, the parties involved are too close to it to see any potential pitfalls. Of course, few Utah residents get everything they want in a divorce, but it may be possible to identify areas that need to be renegotiated in order to make the agreement more fair and equitable.
Source: The Huffington Post, “Stop! Don’t Sign Your Divorce Papers Until You Do This One Crucial Thing“, Abby Rodman, Nov. 15, 2015