The word “settlement” has a bad connotation in the realm of divorce. No spouse wants to “settle” and assumingly take less than what he or she is owed or perhaps even compromise with a spouse that he or she no longer gets along with.
However, the truth of the matter is that settlement should almost always be your goal. After all, litigation is time-consuming, messy, and, more importantly expensive. In fact, most cases that are litigated and go to trial can easily cost upwards of $30,000, $40,000, or even $50,000 or more. And, when you consider those attorney’s fees are coming out of your pocket or the property you’re awarded in the divorce, settlement becomes an even more attractive option.
Money aside, why would anyone want to settle? Below, we explore three of the most common reasons to offer a different perspective on what is typically a contentious process.