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How can I make divorce more affordable?

On Behalf of | Mar 5, 2020 | divorce

There are a number of stressors related to divorce, but one that often comes up unexpectedly is the cost of the entire endeavor. Divorce, depending on the assets involved, can often end up being very expensive. Many people anticipate that divorce is going to be difficult emotionally, but adding monetary stress to the situation makes it worse. However, there are ways to make your divorce more affordable. According to Forbes Magazine, one of the best ways to ensure you save money on your divorce is to go into the process with your financial assets organized.

Essentially, a lot of billable hours go into lawyers trying to figure out what a splitting couples’ assets actually are and what they are worth. This can take up a lot of time and end up costing potentially thousands of dollars. On the other hand, if you can get in contact with the lawyer with your assets all lined up, you will have a much easier and less expensive time getting through the process. If you have decided that you are going to divorce, a potentially cheaper avenue would be to work with an accountant prior to bringing in the lawyers.

Another way to save money on a divorce is to try a collaborative or mediation-based divorce. Trial divorce, where lawyers and judges decide on everything in a courtroom, is easily the most expensive variety of divorce. While it is likely that there are some bad feelings between you and your ex-spouse (you are getting divorced, after all) if you can at least agree that both of you want an equitable and fair divorce, you may be able to get through the process more effectively and cheaply.