How can I keep divorce costs low?

On Behalf of | Jul 16, 2020 | High-Asset Divorce |

Particularly if you are looking at a high-asset divorce, it is important to keep finances in mind. While many people are very concerned with the dollar amounts associated with child support and alimony, the actual price tag attached to divorce can be quite high on its own.

However, there are some ways that you can save money when going through the divorce process. According to Forbes Magazine, you can start with the way you communicate with your lawyer.

What are some communication tips? 

Keep in mind that most lawyers work on a billable hours system. That is, the more time they spend on your particular divorce, the higher the bill is. This means that streamlining your communication patterns with your lawyer is key to lowering the overall amount of time the lawyer spends on the divorce and thus lowering the cost of the divorce.

Before you pick up the phone to call your lawyer, consider if you could write an email instead. Of course, there are naturally some aspects of divorce that are better-discussed over the phone or tele-conferencing software. But for many topics, you may be able to get away with a quick email. This will give you the answers you need and keep billable hours low.

How else can I save? 

Having your assets in order is extremely important. Divorce is largely a financial undertaking, and lawyers spend hundreds of billable hours each year disseminating and understanding a couple’s assets. If you come to the divorce lawyer with your assets arranged prior, this will make the divorce run a lot quicker and cost a lot less.