The end of a marriage can take an emotional toll on divorcing parties and entire families. This stress, however, can be compounded when the costs of divorce start to skyrocket and generate financial stress.
Given that the financial impacts of divorce can make the process significantly more difficult, below, we’ll point out some of the best things to do when you want to keep your divorce costs in check and get through the process as favorably – and as cost-effectively – as possible.
You Can Keep Your Divorce Costs in Check By…
1 – Getting organized ASAP.
One of the primary things that divorce focuses on is dividing up a couple’s marital property and debts. So, start getting organized so that you can figure out:
- The extent of your marital assets, including real property, bank accounts, retirement accounts, etc.
- The nature of your marital debt, if applicable.
This can save you in legal fees later, as your lawyer may not have to do as much work to gather the documents necessary to obtaining a picture of your marital financial situation.
2 – Figuring out what issues will be most important to you in the divorce.
As a marital relationship ends, everything can become a serious issue for a couple that is parting ways, especially when issues like infidelity or bitterness over the end of the marriage come into play.
However, if you are really serious about reducing your divorce costs, an important thing to do will be to determine what you really want out of the divorce. This can help you pinpoint what issues you want to fight for versus what you are willing to compromise on.
And, if you are willing to compromise, you can inspire your ex to do the same. Compromising can be essential to getting through divorce efficiently – from a financial, temporal and emotional standpoint.
3 – Considering mediation before going to court.
If you aren’t able to compromise on every (or any) of the issues of your divorce with your ex, consider going to mediation before taking your divorce case to court.
While mediation can keep your divorce costs low because it can expedite the process, it can also help you work through points of contention with an ex, potentially helping you develop a more favorable divorce settlement (as you and your ex, rather than the court, will have been the ones to make the final decisions in your divorce).
4 – Retaining an experienced lawyer to represent you moving forward.
The single smartest thing you can do when you want to minimize your divorce costs is to retain an experienced attorney to represent you.
Although there will be some upfront costs to hiring a divorce lawyer, in the long run, it can save you a significant amount of money, as an attorney can:
- Help you avoid compromising on issues that may cost you later
- Fight for your rights and interests, particularly when it comes to the division of assets and future support payment obligations.
Contact an Experienced Littleton Divorce Lawyer at Bahr, Kreidle & Flicker
When you are ready to proceed with a divorce, you can turn to an experienced Littleton divorce lawyer at Bahr, Kreidle & Flicker for the best representation. Since 1983, our attorneys have been dedicated to defending our clients’ the rights and interests and helping them favorably resolve their important family legal issues.
To get more information about your potential case and rights, meet with us for a free, no obligations initial consultation. To set up a meeting, call us at (303) 794-7422 or email us using the form on this page.