Smart Ways to Save Money During Divorce
Some expenses are necessary as part of the divorce process, but others are avoidable if you make the effort. Identifying the difference between the two is more complex than trying to cut down on your largest expenses. For instance, finding the cheapest attorney may cost you more during the divorce if that attorney cannot help you negotiate a favorable divorce settlement. There are several sensible ways to save on divorce expenses while still obtaining the divorce agreement you need:
- Do Your Prep Work: The time your divorce attorney spends researching your marital properties is billable hours. You can save your attorney time by providing a list of marital properties and financial accounts in advance. You can assume that your attorney will need to know the value of your home, major possessions, and savings accounts, as well as the average income for yourself and your spouse. You can also list other valuable properties that you are likely to fight over during divorce.
- Settle What You Can Out of Court: Any aspects of your divorce settlement that you can agree to during negotiations can save you money as opposed to forcing a divorce court to decide for you. A court-ordered settlement takes longer and will cost more in legal fees. By coming up with an out-of-court agreement, you may be able to find a more creative solution that benefits both of you financially.
- Set Your Priorities: You may have noticed that time is a major aspect of saving money on divorce. One of the biggest wastes of time in a divorce is needless arguments between spouses during the negotiations. There are some issues that both sides could easily agree on, but their animosity towards each other causes them to fight out of spite. Identify the issues that are worth arguing over and quickly settle issues that are not a priority. Do not let your spouse draw you into a pointless argument that has nothing to do with what you are trying to negotiate.
- Delegate Roles: Your attorney is your primary resource for legal guidance during your divorce. Asking for his or her help with issues outside of this area of knowledge is not the best use of either of your times. If you are struggling with the emotions of your divorce, a close friend or therapist is a better source of comfort.
Your attorney will understand that money is one of your primary concerns during your divorce. A Kane County divorce attorney at Geneva Family Lawyers can help you find ways to save money on your divorce costs. To schedule a free consultation, call 331-588-6611.