When a marriage breaks down, the financial settlement can often feel like the most daunting and combative part of the process. Homes, businesses, pensions, and savings are on the line, but so too are relationships, children’s wellbeing, and the ability of both parties to move forward.
One of the biggest mistakes during this process is treating it as a purely mathematical negotiation. While protecting your entitlement is crucial, the human element must never be ignored. Clients are often balancing the emotional toll of separation with the practical need to safeguard their future.
An empathetic approach can make all the difference. By listening carefully to clients’ fears and goals, and by engaging constructively with the other side, it is often possible to reach an outcome that is both fair on paper and sustainable in practice. This may mean timing the sale of an asset carefully, choosing discreet channels, or prioritising a quicker clean break over a lengthy fight.
Common mistakes during financial settle negotiations include:
- Treating the proceedings like the final battle. Some clients want to “win at any cost”, forgetting that they will often remain tied to the other person as co-parents. A scorched-earth approach rarely helps.
- Agreeing to an unfair deal in the hope of keeping peace. If your partner wanted a peaceful relationship, they wouldn’t be pressuring you into a bad deal. Signing away rights doesn’t rebuild trust; it often destroys it further.
- Ignoring the emotional and financial cost of proceedings. Court battles aren’t just about maths; they take a toll on clients’ wellbeing, time, and legal fees. Settlement decisions should weigh all these factors.
- Making court applications out of anger or vendetta. Using litigation in that way almost always backfires, wasting resources and further damaging long-term relationships.
- Failing to seek the right support. Divorce isn’t just legal; it’s emotional and financial, too. Having the right advisers (legal, financial, and therapeutic) as well as the right support network (for example, people going through a similar journey) can make the process more bearable and lead to better decisions.
Of course, empathy must be paired with robust strategy. That might involve working with forensic accountants to trace hidden wealth, valuers to assess art or property portfolios, or international advisers where assets cross borders. The best outcomes are achieved when legal, financial, and emotional realities are all considered together.
When facing divorce and financial proceedings, don’t underestimate the value of empathy. The right lawyer will protect your financial interests while also supporting you with empathy through one of life’s hardest transitions, leaving you free to start the next chapter with clarity and confidence.
If you are considering a divorce and seeking advice about your situation, please contact Tatiana Amdur.