Keeping Divorce Costs Down
Ending a marriage is not only painful on an emotional level; it can also be a serious drain on your finances. Depending on your circumstances, the total costs of divorce can range from a few hundred dollars to over twenty thousand dollars. The good news is that there are many options for keeping these costs down; the bad news is that some of them are unreliable and may end up costing you more.
Before you file for divorce or separation, it is important to be fully informed about the process, your rights, and what you can reasonably expect. For more information, call the Raleigh divorce lawyers of Marshall & Taylor PLLC at (919) 833-1040.
Financial Divorce Tips
Some simple ways to protect your finances during a divorce include:
- Plan ahead. The more prepared you are, the less time your divorce will likely take, and the more money you will save. Get your paperwork done as soon as you can, and discuss your finances with an accountant so you can be prepared for changes in your taxes and other issues.
- Try to stay out of court. The more your spouse and you can agree on before filing, the better. If you are unable to work things out between the two of you, a Raleigh divorce mediator or arbitrator may be able to help. This option is almost always cheaper than a court hearing.
- Budget carefully. It is not only court expenses that make divorce expensive; you will also need to live without your spouse’s income, which can be a difficult transition. Do not delay handling this issue until after the divorce. Develop and begin following a budget that will help you save money now. If you do not have a job, you may want to begin looking for one as soon as possible.
Although a lawyer may seem like one more expense, having effective legal representation can help you avoid major financial and legal pitfalls. Our Raleigh divorce lawyers will work with you to settle your divorce as fairly and efficiently as possible.
The Raleigh divorce attorneys at Marshall & Taylor PLLC work closely with each of our clients to protect their rights. Contact us today at (919) 833-1040.