Three Tried-and-True Tips for Managing Your Divorce Costs
Nobody has to tell you that divorce is an emotionally difficult journey that can also be very expensive. Your divorce costs, however, are not outside of your control. There are steps that you can take to help you manage your legal fees – and effect a less combative divorce in the process – which translates to a win/win for you.
One: Organize Your Financials
A significant component of every divorce is based on financials, and one of the major hurdles is helping your divorce attorney better understand your family’s financials. If you provide your Belton divorce lawyer with bits and pieces of financial information, it makes obtaining a solid overall financial view more like putting together a puzzle. If, however, you are able to present your complete financial documentation to your attorney in an organized fashion, you can save a considerable amount of time – and, therefore, money. Include all of the following (as applicable) in your organized financials:
Your household expenses, including utilities, groceries, clothing, and entertainment costs
Your insurance costs
Your vehicles, including any recreational vehicles (and any outstanding loans)
Your financial portfolio
Your retirement accounts
Your family’s out-of-pocket medical costs
Your credit card debt
Any valuable items owned, including additional properties, a business, art, jewelry, or collectibles
Two: Keep Things as Amicable as Possible
Divorce is not a walk in the park, and no one expects you and your divorcing spouse to get along perfectly. The fact is, however, that the more civil you can keep the divorce process, the less it is likely to cost you. If you commit to hammering out mutually agreeable terms (including the division of your marital property) outside of court – with your respective attorneys’ legal counsel – you can save yourself money while reducing your stress in the process. It is, however, important to note that if your divorcing spouse wants to make your divorce as difficult as possible, there is very little you can do to stop him or her from doing so – other than by working closely with your experienced divorce lawyer.
Three: Plan Your Contact with Your Divorce Lawyer
Instead of contacting your attorney in a scattershot fashion, get organized and have a plan regarding your next meeting or phone call. Instead of calling your attorney to vent, which is not a great use of your legal investment, address your important legal questions and concerns (that you have carefully organized and written down for the occasion). Additionally, emailing your attorney your game plan for your next meeting or call provides him or her with a heads up about what is to come, which means that he or she can be better prepared to tackle the issues at hand. You and your divorce attorney are a team, and when you help streamline your efforts, you can help yourself save both time and money.
An Experienced Belton Divorce Lawyer Can Help
Brett Pritchard at The Law Office of Brett H. Pritchard – proudly serving Belton, Texas – understands your desire not to inflate the cost of your divorce and is committed to helping you do just that. To learn more about how we can help you, please do not hesitate to contact or call us at 254-501-4040 today.