10 Ways to Manage the Cost of Divorce

cost of divorce

Divorce can be incredibly expensive. From dividing your assets to paying lawyer fees and litigation costs, ending a marriage can take a significant financial toll on both spouses. However, there are many things you can do to help cut back on the expenses associated with divorce litigation. Below are ten ways to help manage the cost of divorce.

Consider an Uncontested Divorce to Minimize the Cost of Divorce

One of the easiest ways to save money in divorce is to proceed with an uncontested (rather than a contested) divorce, if possible. When a divorce is uncontested, it means both spouses have reached an agreement regarding all the issues that must be decided before the judge will sign your judgment. These issues include property division, spousal support, and more. Such cases involve no litigation — and if a compromise has been reached outside the courtroom, an uncontested divorce may only require filing the necessary paperwork with the court. A separation agreement or consent order can both be options for an uncontested divorce that will save time and money.

Think About Using Mediation

Even if both spouses cannot reach an agreement regarding things like alimony, child support, custody, and property division between themselves, they can still save money by using a form of alternative dispute resolution instead of litigating their divorce. Mediation is a a way to divorce without the involvement of a judge. When a judge does not have to be involved, the cost of divorce is significantly lessened.

When couples use mediation to end their marriage, a trained mediator serves as a neutral party to help facilitate healthy communication between the spouses and helps them to reach a settlement agreement.

Be Realistic About Your Goals

It’s crucial to be realistic about your goals in divorce. Talk with your attorney at the initial consultation about your goals, concerns, and objectives. They will be able to provide you with an honest assessment. Remember, divorce is always about reaching a compromise — not about who wins or who loses. This may be difficult when one spouse is especially hard to deal with, but you must remember that your goals matter and that your attorney’s role in these proceedings are to help you achieve those goals and reach an adequate agreement.

Prepare in Advance for Calls with Your Attorney

You will be billed for each call you make to your attorney. While you can save money by reducing the amount of calls you make to them, you can also help cut back on the cost of divorce by preparing for the phone call in advance. Have a list of your questions and any information your attorney may need ready so that your conversation is concise and productive.

Organize Your Financial Records

Obtain copies of all your financial records — including mortgage documents, bank statements, credit card records, and other documents — early in the case. Not only will your attorney need to review the information, but it can lower the cost of divorce by providing them to your attorney for exchange with the other side during the discovery process.

Work with Associates and Paralegals if Possible

In many instances, it can be more cost-effective and decrease the cost of divorce to work with an associate attorney instead of a partner since they bill at much lower rates. Additionally, while paralegals cannot provide you with legal advice, they can still assist you with answering basic questions such as when your next court appearance is.

Obey the Court’s Orders

Regardless of whether you agree with how the judge ruled in your case, it’s critical to obey the court’s orders. Not doing so can result in your being held in contempt — as well as having to pay your spouse’s attorney fees. Importantly, there are ways to modify, set aside, or appeal a court order. It’s best to discuss these options with your attorney.

Be Honest and Open with Your Attorney

Your attorney needs to know the full scope of what is going on in your case to properly advise you. If you withhold information or conceal assets, expenses can quickly add up. It’s best to be honest and open with your attorney from the initial consultation throughout the duration of your case so they can develop an effective strategy and plan of action.

Be Willing to Compromise

It’s essential to be aware that divorces are about compromise. The less time you spend in negotiations and litigation, the more money you will be able to save. Often, when a party is willing to compromise on an issue that is of lesser importance to them, the other side will usually do the same. The savings that accumulates from the willingness to compromise can be substantial.

Try to Remain Objective

One of the biggest challenges each party may face in their divorce is not allowing their emotions to get the better of them. Although divorce can be draining, keeping your emotions in check — and focusing objectively on the issues that need to be resolved — can help ensure the cost of divorce is kept down.

Contact an Experienced North Carolina Divorce Attorney

Divorce is never easy, but a knowledgeable divorce attorney can help you navigate the process — and discuss ways to save on the cost of divorce according to the needs of your specific situation. At The Twiford Law Firm, we are committed to providing high-quality and cost-effective legal services for divorce matters and strive to reach a favorable outcome for each client.

With offices located in Moyock and Elizabeth City, The Twiford Law Firm provides capable counsel and reliable representation for foreclosure matters throughout Northeastern North Carolina and the Outer Banks. Contact us today to schedule a consultation to learn how we can help.

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