Understanding Lump Sum Negotiations

I urge you to think about lump sum negotiations in a divorce. Hi, I’m Tulsa Dads.Law attorney Clint Hastings. I focus on father’s rights. So what do I mean by lump sum negotiations? Well, it’s just that you are offering a lump sum now instead of a payout to last some time. This could be in alimony, it could be about retirement division, it could be about property division, anything.

And the idea being, just like in a lot of things in life, if you can provide something, a bird in the hand now, it is worth to in the bush as they say. A lot of times you can save a significant amount of money doing this because often the other party needs money now and are willing to sacrifice long-term amounts to get it now. So an example, let’s say you are going to split your retirement and usually the court orders 50-50 as to any retirement accrued during the marriage.

Maximizing Your Divorce Settlement

Well, instead of receiving that paid out over a long period or getting her account, you could offer her something, an offset, less money but give it to her now in exchange for letting go of the long-term benefits. Think about this in all aspects of property division and you could end up walking away with 10, 20, 40%, sometimes more, savings in your entire settlement on your divorce. Let us know if you have questions and I’ll try to answer them.

Contact Us for a Consultation

If you are considering lump sum negotiations in your divorce, give us a call at 918-962-0900 to schedule a low-cost consultation. Our team is here to help you understand your rights and options and to guide you through the process with compassion and expertise. Don’t hesitate to reach out for assistance during this challenging time.