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How can I save on my divorce?

On Behalf of | Jun 25, 2020 | Family Law

Divorce is an expensive endeavor in terms of emotional investment and time. However, divorce can also be very difficult on the pocketbook as well.

Many people focus on the costs after divorce, including property division, child support, and potential alimony. However, it is important to realize that the actual process of divorce itself can potentially cost tens of thousands of dollars. Fortunately, there are ways to lower this expected expense. According to Forbes magazine, opting for a collaborative divorce can save a lot of money in many instances.

How can a collaborative divorce help me save?

A “traditional” divorce that takes place in a courtroom is a trial divorce. Many trial divorces require multiple lawyers, paralegals, judges, aides, and other professionals to finalize them.The more professionals involved in your divorce, the more expensive the divorce becomes.

A collaborative divorce takes place outside of the courtroom. There are many forms of collaborative divorce, but a common variety involves each party having their own lawyer represent them. The divorce takes place across a conference table with both parties and their lawyers in attendance.

Not only can a collaborative divorce save you money, but it can also give you increased say in the outcome of your divorce. Rather than an impartial judge deciding everything, you will be able to negotiate terms directly.

What are the negatives?

In order for a collaborative divorce to work, both parties have to be willing to compromise. If you and your ex-spouse are on very bad terms, it is likely that a collaborative divorce will not work. In these situations, a trial divorce is often the only option.