The title of this blog – for our younger readers – comes from the Kenny Roger’s song, “The Gambler” which feels appropriate when discussing a family law case. Parties gamble on the strength of their position, the strength of their legal theories and evidence, and the likelihood they can convince a judge to accept their story. There is always the other side to that gamble; namely the other party. They are also gambling. Family law is not always a zero-sum game, but there are many issues that are either a “yes” or a “no.” So when you litigate a case, you may spend a great deal of time and money only to come out on the other end empty handed.
Good gamblers know to always hedge their bet. Hedging is the act of protecting yourself from loss by reducing the risk. Hedging a bet comes at a cost though. You may reduce your risk of loss, but you also reduce your recovery. In family law, you reduce risk by negotiating a settlement. There are many ways parties can reach a settlement of their case, but the following three scenarios represent the most common avenues. Continue reading