A divorce settlement requires careful documentation of assets, agreement on key terms, and professional review
Creating a comprehensive divorce settlement involves several critical steps to ensure a fair and legally sound agreement. Begin by collecting all relevant financial documentation, including bank statements, tax returns, property deeds, and investment accounts.
- Document inventory: Create detailed lists of all assets, debts, and shared property
- Key decisions: Address crucial matters including:
- Property and asset division
- Child custody and parenting arrangements
- Spousal and child support payments
- Division of pensions and retirement accounts
- Professional review: Consult with a divorce mediator or family law professional to ensure the agreement is fair and legally compliant
- Final documentation: Have the settlement properly drafted and reviewed by both parties before signing