If you are considering divorce, there are many important financial issues you should know about the process. Here are some of the lesser-known financial issues you may not even be considering.
It Could Get Expensive
Depending upon different factors your divorce could end up costing more than you anticipate. Highly contested divorces may cost tens of thousands of dollars, and ultimately all the legal fees, and potentially expert witness fees, are coming out of the same marital assets and funds which are going to be divided between the spouses. It is important to have conversations with your lawyer about the cost effectiveness of how your case will be pursued and litigated.
You Can Save Money by Being Organized
Time is money when it comes to working with a lawyer, so the more organized you are, the more likely you are to save yourself some money during the process. A good way to start is to create a divorce file what should include every single document or piece of paper you think might be relevant to your divorce proceedings. This file should include all your important financial documents, including login and password information for all financial accounts, and printed copies of all email correspondences and text messages between you and your spouse.
Choosing the Right Attorney for Your Divorce is Important
There are many different options out there when it comes to choosing a divorce attorney. It is important to select a lawyer who will keep you fully advised of the costs and expenses involved and be able to explain to you where your hard earned money is going and for what purpose.
If you are considering divorce, give us a call today.