While ending a marriage is an emotional event for many couples, allowing emotions to cloud an individual's judgment could lead to major mistakes during divorce settlement negotiations. For instance, not putting everything into writing could cause one party to the divorce to renege on a verbal agreement. An example could be a parent failing to pass an asset to a child because he or she is under no legal obligation to do so.
Movie fans in Georgia and elsewhere in America may be familiar with filmmaker Michael Moore and his highly publicized divorce. Moore recently ended his marriage of over two decades with wife Kathy Glynn; the settlement was finalized on July 22.