Alimony talks can be one of the most challenging parts of the divorce process, but making sure that you’re adequately prepared helps you carry out more productive discussions. By having a qualified divorce attorney on your side and gathering as much information as possible before meeting with your former spouse, you can determine the most appropriate support amount. Here are some suggestions to consider as you plan for alimony negotiations.

How to Prepare for Negotiating Alimony Payments  

1. Evaluate Your Assets

Assets play a significant role in working out alimony amounts. Since you will need to present your expense disclosure and monthly income eventually, you should use this chance to compute alimony payments, whether or not you’re the one to receive support.

To make it easier for you to make decisions, compare your income and expenses, and see how much alimony you need or how much you’re willing to pay. Don’t forget to factor in principal resources and costs such as your earning capacity, family home, mortgage, medical expenses, utilities, and food.

2. Assess Your Spouse’s Assets

When you’re aware of your spouse’s resources, you will be in a better position to negotiate. You will feel more confident that the amount you will agree to is in line with your ability to pay, or with what you need to maintain the same standard of living when you were married.

Financial disclosures are essential during alimony negotiations, and couples must be honest about finances. If you want full knowledge of your spouse’s economic situation, seek the help of your divorce attorney regarding discovery methods. 

3. Review Applicable Laws

Take the time to research and learn everything that you can about alimony laws that apply to your case. For instance, under Missouri law, the court will grant alimony only if a spouse is unable to provide for their reasonable needs.

The more you know about the law, the better you can handle challenges along the way and justify the support amount you are asking or offering. However, state laws can change at any time, which is why it's best to speak with a divorce attorney knowledgeable in current alimony laws. 

For any questions regarding alimony matters, contact an experienced divorce attorney from Coyne, Cundiff & Hillemann, P.C. in Lake St. Louis, MO. You can rely on their personalized attention and top-notch representation when it comes to family law, personal injury, workers’ compensation, and other practice areas. Call (636) 561-5599 to schedule an appointment or visit their website to browse their practice areas.