Apart from the emotional turmoil that comes with a divorce, you also need to face the many expenses that come with it. You will take a big financial hit with a divorce, especially if your situation is rather complicated. The national average for the entire divorce process is a whopping $15,000 to $20,000. That’s why you should be completely prepared to avoid going in debt because of it. Here are some tips to help you handle the financial side of a divorce.
Don’t Waste Consultation Time
Mediators and divorce lawyers alike have hourly charges between $150 and $400. This goes even higher if your chosen lawyer is more popular and applauded. That’s why when you consult with your trusted divorce attorney in Denver, CO, you should focus on coming up with the right arguments to present in court that will help your case. Leave your emotional outbursts out the door because that is wasted time and money, says a lawyer from Matthewsfamilylawyers.com.
Don’t Settle for a Bad Lawyer
Some people tend to choose the lawyer with the cheapest rate and end up dissatisfied. Moreover, some people make the terrible mistake of representing themselves in court to avoid lawyer consultation fees. Both of these are mistakes that may cost you even more. Consulting a lawyer is an investment, so be sure about who you’re hiring. Instead of avoiding good lawyers because of their high rates, just learn how to manage and minimize their billable hours.
Think About Other Costs
Apart from hiring a lawyer, a divorce comes with plenty of costs that are not obvious. You might also need to hire an accountant to look over your finances and a private investigator to help you find evidence. There are also fees when serving subpoenas, filing documents, and scheduling court battles. Take note of these when trying to assess your current financial situation.
These are just some of the things you can do to be wiser about your income when going through a divorce. No matter how low you’re feeling, don’t just neglect your financial situation because you may suffer for it in the long run.