Ending a marriage isn’t easy
Divorce is never easy on anyone. We all know stories of bitter child custody battles and fights over money and taxes. Even under the best circumstances, divorce is tough.
Our team brings not only legal solutions but practical ones too. Our creative and unique fixes to child custody and complex asset division problems, for example, are often based on our team’s personal experience with those issues or through supporting those close to us during difficult times. We not only understand and empathize, but we are able to harness our legal and personal experience to help you find the best solution for your family’s situation.
From mediation to negotiations to fight for you in the courtroom, wherever you need support, hire a lawyer you can trust at Thompson Law. Contact us today to book your consultation.
How to Negotiate Your Divorce Case
Draw Up Key Goals for Negotiations
Many people begin the divorce process believing that a bitter fight to the end is necessary or inevitable. Some of them are correct. Certain cases cannot be resolved by negotiation despite best efforts, and those parties must go to court for a judge to decide their family’s fate. In those cases, the Thompson Law team has decades of experience fighting for clients in court in the most serious cases.
However, for most clients, the best co-parenting and economic results are achieved through strategic negotiation outside of the courtroom. Often, the parties never set foot in a courtroom, and the emotional and economic savings are significant.
Throughout a relationship, couples earn income, build businesses, and acquire real estate, retirement accounts and pensions, brokerage accounts, and a host of other assets, such as options, cryptocurrency, and complex compensation structures among founders of non-publicly traded companies, for example. Couples also take on significant debt, whether a home mortgage, car loan or business line of credit, for example.
A skilled family law negotiator will utilize not only the law and expert strategy and tactics to negotiate on your behalf but also a genuine understanding of child-related issues that can only come from being a single parent, as well as a more sophisticated understanding of finance, economics, and tax to capitalize upon opportunities for arbitrage in tax or the time value of money on investments, for example.
At Thompson Law, we know.
Before consulting with a family law attorney, consider creating a list of all of the major assets and liabilities that you know about, which belong to your or your spouse, whether held jointly or in one person’s name alone. This will help your family lawyer to advise you from Day One about the possibility of fully resolving your case outside of the courtroom through negotiation.
Stay Out of the Courtroom by Hiring A Divorce Mediator
The state of Texas recognizes mediation as an alternative solution to the courtroom for resolving divorce cases out of court. A lawyer who is experienced in representing clients in divorce mediation can help to separate couples find an agreement on financial settlements without entering the courtroom. This can be particularly helpful for couples with children or those seeking to reach an agreement without excessive costs or delay. They can also be used to discuss more discrete issues between the couples, which they may not wish to share with the public. If you’re thinking about resolving your case through mediation, you will still need to be prepared to gather and share documents and information, particularly financial documents. Speak to your lawyer about the different approaches to divorce proceedings before committing to a method of resolving your case.
Prepare for “Discovery”
During the initial phase of a divorce (or any other family law case), both parties are required by law to disclose to the other party certain documents and information related to children, assets, debts, and taxes. This process is known as “discovery”, and it can take different shapes, from the formal and imposing to the less formal and less intrusive. A skilled negotiator and divorce attorney will help you determine which information and evidence needs to be collected from the other spouse (or third-party sources, such as banks) during the discovery process.
People are understandably uncomfortable with their personal information being accessed and scrutinized, sometimes for the benefit of the opposing party. In preparation for the discovery process, it is wise to remember that your financial activity both before and during the divorce process will be scrutinized. That’s why you should discuss any financial concerns with your lawyer, who can help to prepare a strategy now for any obstacles further down the line.
Consider Future Cash Flow
Clients are often surprised to learn that it is not only their current assets on the line during divorce but also their future cash flow. Cash flow, or the amount of cash available for you to spend each month, determines the lifestyle that you will be able to sustain the following divorce. It must therefore form part of the decision-making process in negotiations on issues such as child support, child medical and dental support, child extracurricular activities and private school or college tuition, spousal support, mortgage payments, or monthly payments on secured notes used to equalize the division of assets in a divorce. At the same time, expenses often go up during divorce as household bills and expenses increase. Inflation and taxes must also be considered. Planning for adequate cash flow is therefore vital for anyone starting a new chapter.
“Incredibly knowledgeable and compassionate. Would highly recommend Scott, who was responsive and supportive during a difficult time.”
Dana, Criminal Defense Client, 9/16/2019
“Scott was a tremendous help in my divorce, he was very by the book. His honesty and integrity are what sets him apart from the rest.”
Paula M., Divorce Client, 2/28/18
“Very detailed, thorough, and pleasant person to deal with. It was a fairly simple matter but done with professionalism. Highly recommend you consider Scott for your legal needs.”
A. Martin, Family Law Client, 7/25/2019
Let’s Find a Solution
Thompson Law is the skillful advocate and ally you need. If you’re facing divorce, criminal charges, or another difficult family law situation, Thompson Law is ready to fight for you both in and out of the courtroom to help find the best outcome for you.