The end of a marriage represents the end of shared financial obligations and resources, and the details of how this will work in an individual situation are intricate and complex. The terms of a divorce settlement are important as they will dictate the direction of a person’s life for years, even decades to come. It may be helpful for a Mississippi spouse to know what should be in his or her agreement in order to seek the best possible terms that will provide stability and security.
Understanding this important document
The terms of a divorce settlement should outline the division of marital property, financial support, child custody, visitation and more. If a couple is unable to create a reasonable divorce order on their own, a judge will determine the terms of their final order. Factors that will be taken into consideration include:
- Financial contributions of each spouse during the marriage
- Length of marriage and lifestyle enjoyed during marriage
- Current financial resources of each spouse
- Earning capacity of each spouse
- Separate property owned by each spouse
When considering matters related to the children, a judge will make final determinations based on what will be in their best interests.
Seek terms that make sense
During divorce negotiations or while seeking a specific outcome in court, each Mississippi spouse has the right to seek his or her desired outcome. Each divorce is different, and the final terms will be based on the details of the individual situation. It may be helpful for a spouse to seek the guidance of a knowledgeable family law attorney when preparing for a divorce.