September 24, 2019
Divorce is emotionally painful and it is not uncommon to feel numb during the process or want to rush through proceedings. However, you need to be aware that the decisions you make during this time could impact your ability to recover and could jeopardize your financial security for years into the future. If you are considering signing a divorce settlement agreement, there are some things you need to consider first.
In any divorce case, there are important matters that must be resolved before a final order can be issued. Under the Illinois Statutes (750 ILCS 5?), these include marital property and asset division, possible child or spousal support payments, and child time-sharing arrangements. These can all be negotiated through you, your spouse, and your attorneys or through mediation proceedings. If you and your spouse are unable to reach an agreement, the judge may issue an order based on the evidence in the case.
It is generally to your advantage to come to your own agreements on the above issues rather than allowing the judge to make these decisions. A settlement agreement allows you greater freedom in customizing a plan that takes into consideration the needs of all parties and the circumstances surrounding the case. However, there are precautions you need to take:
Live About advises that there are certain areas that often get forgotten or excluded when negotiating divorce settlement agreements. It is important to make sure yours includes provisions regarding the following:
As experienced Chicago divorce attorneys, the Women’s Divorce & Family Law Group acts as a fierce advocate on your side when negotiating divorce settlement agreements. To request a consultation, reach out and call or contact our office online today.