Who gets what in the divorce? That is one of the most common – and often complex – questions when facing the end of a marriage. Figuring out how to divide your marital property can be a challenge, and will require careful negotiation.
Here are three tips to consider as you approach negotiations over asset division.
1. Prepare, prepare, prepare
It cannot be overstated: you must prepare yourself. As Psychology Today notes, preparation is absolutely critical to be able to negotiate effectively. This preparation could include:
- Taking inventory of all your marital assets
- Obtaining valuations for these assets
- Understanding North Carolina’s rules when it comes to dividing property
- Taking note of which assets you know your spouse wants, as well as those you want
Additionally, consider developing your own skills. Psychology Today highlights several other helpful things to know, but it will be critical to hone your communication and conflict-resolution skills. While working with an attorney or a mediator will help significantly on this front, it will still be beneficial to improve your own skills so you feel confident during negotiations.
2. Determine your margin for compromise
What assets are you willing to let go of? Which ones do you want to try and keep? Which ones are you willing to compromise on to get what you want or need? Consider these questions carefully, and make sure you have the answers before entering into negotiations. Understanding when you are willing to compromise – and when you are not – will help you move forward with intention and protect your end goal.
3. Treat it like a business negotiation
Regardless of whether you are in mediation or how well you get along with your spouse, keep negotiations professional. Do not let your emotions control your decision-making or discussions with your spouse. You may have strong emotions connected to certain items you own, but do not let these emotions impact your composure and approach to negotiation. Stay calm and civil.
Of course, it is also critical to know your rights when dividing your property. Seeking guidance from an experienced divorce attorney can help you secure those rights and navigate every step of the negotiation process with care.