Even when a separating couple is on amicable terms and works together to expedite the process, the costs can pile up. Read on to learn more about what expenses are foreseeable in a divorce proceeding and how you can lower the cost of your divorce by taking a few important steps.
One expense that must be taken into consideration during your divorce is how you will handle housing. Generally, the separating spouses do not stay together in their marital home, and one moves out. As such, the additional accommodation during and after the divorce will need to be taken into consideration. It is the role of a divorce attorney to support you in maintaining the lifestyle you had before the divorce during the divorce proceeding and afterward by negotiating the proper division of marital assets to that end. Having the support of an experienced and skilled family law attorney, then, cannot be undervalued.
An additional cost that goes into divorce and is expected by a divorcing spouse but often greatly underestimated is the divorce attorney’s fee and retainer. In addition to paying a retainer at the beginning of the legal representation, you will be required to continue paying a legal fee. If you and your spouse have an amicable relationship, funds for these legal fees can be initially obtained by splitting savings in a joint account before the divorce proceedings have been completed; however, if there are not shared funds to cover these expenses or there is disagreement about how to divide such funds, alternative methods of making those payments would need to be sought, perhaps leading to necessary interest payments and other drivers of the additional cost.
While there are methods in place to support a spouse who does not have the funds to cover legal fees – for example, the option for a spouse to apply for pendente lite support, removing the burden of the absence of sufficient funds during the divorce process, and providing temporary spousal support – there are other ways to lower costs during a divorce.
Some of the best ways to reduce the cost of divorce seem like obvious ways to engage the process but are difficult to obtain when emotional tension exists between a couple. The number one way to reduce costs is to expedite the process, and the way to do this is to be an active collaborator. To be an active collaborator, you must view the divorce as the process of terminating a legal contract between two people on the same team.
When possible, keep emotional jabs out of it, and seek separate support to address emotional and mental repercussions that are normal and natural effects of such a process.
Our team of divorce attorneys at Bronzino Law Firm supports those we serve Point Pleasant, Brick, Wall, Sea Girt, Spring Lake, and the greater Ocean and Monmouth County Areas in all divorce and mediation proceedings.
To meet with a team member to discuss your divorce, please call (732) 812-3102.
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