How To Keep Divorce Costs From Getting Out Of Control
Divorce is one of the most painful experiences in life. The expense of a divorce can make it difficult. If you are in your 50s and have a home, retirement savings, and many belongings, a divorce could run $100,000 or more. Other divorces could cost between $15,000 and $30,000. However, there are often simple ways to keep divorce costs from getting out of control.
After reading about these cost-saving methods during a divorce, talk to our Hoffman Estates divorce attorney at The Law Office of Fedor Kozlov for more information.
Settle Most Issues Out Of Court
The best way to cut the cost of your Illinois divorce is to settle contentious issues outside the courtroom. After all, your Hoffman Estates divorce attorney charges hundreds of dollars per hour, so reducing billable hours lowers the expenses.
This is easy to say but often challenging in practice. Divorce is often emotionally devastating for both sides. You may feel tremendous sadness, anger, and resentment. These negative emotions can color your judgment during a critical time. However, if your spouse can put your feelings aside and decide things without the court involved, it will be less expensive.
Being able to agree on the ‘big ticket’ issues, such as alimony, child support, and child custody, you can keep the costs much lower. You may even be able to file an uncontested divorce that only costs a few thousand dollars.
If you and your partner disagree on significant divorce issues, you can still save money by staying calm. Open your mind to negotiating in good faith with your partner to stay out of court. Consider hiring a mediator to settle the most challenging divorce terms. Some couples even share a divorce lawyer to reduce the costs.
Regardless of how you accomplish it, resolving a divorce with a judge will cost you more. If you must go to court, keep the experience brief by making the critical decisions with your spouse outside the courtroom.
Be Honest With Your Lawyer
A good way to make a divorce cost more is for your attorney to get surprised in court. If you do not tell your attorney everything about your divorce early on, you will make him spend more billable time digging for facts. The most honest you are by bringing everything to light, the lower your divorce costs.
Covering up negative information about you or the marriage will not make them go away. You will just need to pay your lawyer for the time to find out on his own. But, in most cases, whatever the issues are, they can be resolved less expensively early on than waiting until they are more challenging to handle.
Be Ready To Compromise
Most divorces involve hurt feelings. Hurt feelings can make you blind to the costs and force bad decisions. For instance, you should avoid a dispute with your ex about every detail of the divorce. Some may feel vindicated by making their ex miserable during the divorce, but it will cost a lot of time and money.
Better is to go through the split with less financial stress. Then, you will be able to get through the issue faster and get on with your life. This is better financially and emotionally, so find ways to compromise with your partner.
Even if you and your ex cannot agree on alimony, child support, or another issue, there are ways to avoid the costs of resolving them in court. First, talk to your divorce attorney about mediation, which involves a neutral party negotiating between you.
Also, think about what your priorities are in the divorce. What is worth fighting over, and what should you just let go of? For example, is it more critical to receive more alimony or retain the family home so you can raise your kids there? Pick your battles, and you will save money and stress.
For instance, refrain from arguing about meeting your ex to transfer the kids to Seascape Family Aquatic Center, Hillsdale Golf Club, or another place. Instead, just agree on a suitable place and compromise.
Set A Divorce Budget
Saving money is always wise. However, in the middle of an excruciating divorce, money can be spent quickly without knowing it. After all, you are in the middle of an emotional experience, and what things cost may not be top of mind in the heat of things. Therefore, budgeting before the divorce starts can keep costs under control.
As the divorce proceeds, keep track of how money is spent and what may be reimbursed. For example, if there is shared child custody, you may get reimbursed from your ex for children-related expenses. Save every receipt for things you buy the kids and know how to request a reimbursement. Also, write a log of the monies you asked for and what you have been paid.
Listen To The Judge
It will cost you if your ex must go back to court to get you to listen to a court order. You will pay both your and your ex’s legal fees. Even if you do not like the court’s decision, obey what you are told. You will have to follow, costing you hundreds or thousands.
This is easier said than done, but the longer the case takes to settle, the more it will drain your bank account. On the other hand, staying calm and collected can prevent unnecessary trips to court. How?
The best way is to stay as civil as you can with your ex so you can settle complex divorce issues outside of court. Doing this will also reduce divorce stresses on you and your children. Also, keeping calm and under control during divorce negotiations makes it more likely to get things solved without attorneys being heavily involved.
Get Back To Your Attorney Fast
If your lawyer wants information or must talk to you, get back to them as soon as possible. If there are delays, it will slow your divorce and additional legal fees. But on the other hand, getting back to your attorney quickly will ensure that the case goes as fast as possible.
Understand The Legal Costs
Paying legal fees you did not know about is challenging. With divorce attorneys, legal fees can accrue quickly. So, you should know what you are being charged and why.
Many divorce attorneys charge hourly. They do so because it is hard to say how long a Hoffman Estates divorce will take. Other lawyers may charge a retainer and take out their fees as the case proceeds. Finally, a few attorneys may have a flat fee. This can reduce the costs as the case progresses, but a flat fee is usually reserved for simple cases.
You should ask your divorce attorney their hourly rate and when it applies. For example, you might assume that you can email your attorney a question and that it does not cost you. But many attorneys charge for every second they spend on a case, including answering emailed questions. That is fine, but you should be aware of it. Also, other attorneys could charge if they need to photocopy your legal and financial documents. So save money by making your copies.
Knowing when the attorney charges for time will help you make important decisions about when you contact them. You can prioritize the most important questions to ask them. For example, if you have questions about child custody, it may be more effective to ask them when you meet them face-to-face instead of inquiring by email separately.
Next, be aware of the charges for other professionals’ costs that are part of the divorce process. The court could order you and your spouse to attend mediation, parenting classes, or mental health therapy. Any extra sessions have their costs that you will need to cover.,
You can prepare for these additional costs by understanding their typical costs in your city. You may need to attend the sessions, but it can reduce costs if you know the fees beforehand.
Your Lawyer Is Not Your Therapist
You should be able to promptly talk to your lawyer about a legal matter. But they will always charge you for your time, whatever the subject is. For example, if you use your attorney to vent about your ex, you are being charged for that time. The best way for your health and finances is to talk to a licensed therapist trained to handle divorces and marital difficulties.
Your lawyer needs a lot of documentation about your legal circumstances. So keep your information for the divorce as organized as possible. Use file folders or a software system to manage documents. Organization will help keep critical records organized for legal review.
If you meet with your lawyer, jot down anything you need to tell them and any questions you have. Make sure you have every document they want. Being as prepared as possible for your legal meetings makes them happen faster and less expensive.
Contact Hoffman Estates Divorce Attorneys Today
If you are experiencing a divorce in Hoffman Estates, you must deal with complicated legal issues. While divorces cost money, there are ways to keep them under control. The attorneys at the Law Office of Fedor Kozlov can help you finalize your divorce in a fair and affordable manner. Contact one of our divorce attorneys today at (847) 241-1299. Our attorneys also handle divorces in Arlington Heights, Schaumburg, RollingMeadows, and Palatine.