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The Most Common Divorce Settlement Mistakes

When it comes to resolving a divorce case, it is almost always better to settle out of court rather than in engage in litigation. Still, if you are not careful or attempt to rush your way through the settlement process, you could find yourself dealing with an unfair outcome.

Below are a few of the most common divorce settlement mistakes, and how you might avoid them:

  • Lack of preparation: You should have a complete, accurate view of your finances before you enter settlement negotiations, and you should understand how your financial picture will inform your negotiation tactics. You should also have an idea of the custody or visitation schedule you want and the assets that are of high priority to you during the property division process. Finally, be prepared to address questions related to these subjects.
  • Not considering tax consequences: Too many people overlook the long-term tax consequences of a divorce. For example, how will you split the tax deductions for your children? You should also consider mortgage interest deductions, along with the tax impacts of any spousal maintenance or retirement accounts divided.
  • Not leaving room for negotiation: You need to be at least a little flexible during negotiations. While you can start off with a best-case scenario, understand that you may have to negotiate to a compromise from there. Never start off by negotiating with your baseline, bare minimum demand.
  • Letting emotions guide your decisions: Divorce can be a very emotional process. However, if you let your emotions dictate the decisions you make, you will likely lose sight of what should be your end goal: getting a fair settlement and minimizing costs.

To make sure you avoid these and other common divorce settlement mistakes, consult an experienced Minnesota family law attorney with Appelhof, Pfeifer & Hart, P.A.

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  • "Tori had a thorough understanding of my situation and made excellent recommendations to resolve my concerns. She was persistent on communication and handled everything in a very timely manner. I would definitely hire her again in the future if needed." - M.K.

  • "With Appelhof, Pfeifer & Hart, P.A., it is like having a family physician. They are all knowledgeable, thorough, comforting, and the only call I need to make for all my legal needs for many years to come. No matter what the matter, I totally trust their advice and commitment to me and my family." - J.N.

  • "Mary from APH Law helped me thru a difficult divorce. She and the entire staff was there for me every step of the way helping me on what to do next. They listened to what I wanted and helped me achieve what matter the most to me in the divorce settlement." - Dana C.

  • "I chose APH after my initial consultation with Mary. I felt my best interest would be represented. The entire process went excellent, the attorneys and staff communicated effectively and efficiently with me throughout the process as they needed to. Being new to the legal process and verbiage, they walked me and talked me through the next steps and the jargon, I felt completely comfortable and represented. I hope I never have to use legal services again but if I do I will call Mary at APH Law and know that I will be taken care of." - Jeff M.

  • "Divorce is a time of emotion and stress. Mary Pfeifer , My lawyer was professional and compassionate. She was very informative through the process. Her insight helped me in my decisions. She worked hard to obtain a settlement which was fair to both parties. Though, I hope I won't need her help again. It is reassuring to know a good person that is willing to help." - Rod S.

  • "I first came to Ms. Jacquelyn Lutz of Appelhof, Pfeifer and Hart in October of 2016. It was definitely the worst time in my life and she compassionately spoke with me about my options. Ms. Lutz thoroughly explained the laws, statutes, process and what to expect going forward. What was supposed to be one case, turned into three intricate cases that took a huge toll on me and my family. Ms. Lutz represented me in court on all three cases with a vast knowledge of the laws and how to proceed accordingly. During all three cases she kept me informed, calm, gave me resources to utilize, and (most important) gave me a realistic view of what may come next. Ms. Lutz knew each case required a great deal of knowledge and creative thinking on how to legally proceed forward with each case. My family and friends are forever grateful for the amazing representation by Ms. Lutz. I highly recommend Ms. Lutz for anyone needing or considering superb representation for any kind of family law. " - M.H.

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