A typical divorce for a couple over the age of 50 in the US can cost up to $100,000. Divorce can be expensive, painful and sometimes necessary. In fact, there is almost no such thing as a divorce that is cheap. Couples must take into account splitting assets, even if the breakup is amicable. Predicting the overall cost of a divorce is impossible. Fortunately, there are steps you can take to lower your divorce fees.
Firstly, it is important to try to work things out before hiring attorneys. Attempting to discuss post-marriage arrangements and coming to agreements before hiring professionals can significantly lower the costs. You will still want an attorney to look over divorce papers, but you can save time and money if you can make agreements prior to this. Topics you should discuss include property and asset, child support, health insurance and taxes. “Generally, couples make their divorce more costly by fighting. If couples can agree on issues, then the cost of a divorce is minimal,” says Gabriel Cheong, an attorney in the Infinity Law Group in Massachusetts. The more couples can agree with each other, the more they will save costs.
Secondly, you should work with your spouse to avoid issues outside of a courtroom. Courts are even slower than before due to a backlog from the Covid-19 pandemic. Many courts will encourage alternative dispute resolutions, such as mediation. Furthermore, having your papers and documentation in order will help to speed up the process and further reduce costs. “We have rules to follow and the more cooperative you are, the less time – and money – we will spend on unnecessary tasks,” says Erik Danielson, an attorney of Danielson Law Firm in Arkansas. When a lawyer request documentation, Danielson suggests having your papers organized and ready to present to them in a timely manner.
Therefore, the key factors to reduce time and costs associated with divorce are communication with your partner, avoiding courtrooms and being organized.
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