How to Divorce without Spending a lot of Money
Updated: Oct 27, 2019
When you prepare to get married, you and your partner collectively allocate your finances for your wedding and the future to come. Oftentimes, however, divorce doesn't find its way into the budget. When the time comes for separation, as it often does, you're left with the shocking realization that you've got a lot to pay for and not much money to throw around.
As a law firm that's on your side, we want to share our tips on divorcing without spending a lot of money. That way, you can keep your hard-earned cash for the next big chapter to come, wherever life may take you.
How Much Does a Divorce Cost?
Without the wisdom of affordable divorcing methods by your side, a divorce becomes a pricey endeavor. In the state of Pennsylvania, the average cost is $14,300, with the numbers rising dramatically if child support and alimony are in the picture. Issues like adultery, abandonment and abuse also raise the metrics for the party at fault. Of course, if you’re getting ready to divorce in Berks County, you should know that numbers like this don't have to be the norm.
For example, through the coaching and guidance of a skilled family law attorney like that of our owner and managing attorney, Nikolas D. Capitano, a typical divorce client of The Leges Group LLC can expect to spend anywhere between $2,500 - $10,000 while still maintaining the results and outcomes you would come to expect from your divorce attorney.
Keeping the Figures Down
Despite the drastic toll of divorce—both emotionally and monetarily—there are plenty of ways to keep the costs to a minimum.
Work Together to Divide Your Marital Assets
The price of divorce is much lower when you don't need the help of the court to divide your marital assets. By communicating with your former spouse on what belongs to who, you can speed up the process by months and maintain your wallet's integrity.
So what exactly constitutes as a marital asset? This is any property that's been purchased during your marriage, regardless of title registration or ownership. The priciest assets tend to be your home, savings (bonds and stocks included) and pensions. However, it also includes the minutiae, like anything within the home that wasn't gifted or acquired prior to the wedding.
After a divorce, all property becomes a separate asset. So long as you remain cordial as can be, and avoid fighting over the rocks in the backyard, the route to separation will be much more affordable. If you're unsure whether you're willing to hold back the grudges, consider the alternative: an expensive divorce that ends in unrepairable quarrel.
Remain Organized Throughout the Process
When you hire a reputable divorce lawyer, you're enlisting the help of an expert whose primary goal is to help guide you through the nuances of the court. However, the fact that attorneys are an investment is common knowledge. If you want to minimize those payments to the law firm, staying organized yourself is key.
Oftentimes, lawyers will charge by the hour. Through document arrangement on your behalf, you'll inherently spend less time at the office. This keeps fees down, ultimately allowing you to spend less money on your divorce. Now, whether or not the other party has a systematic approach with their lawyer doesn't matter to you. But by maintaining organization on your end, you're doing your best to control all that you can.
Choose Your Representation Wisely
A successful, affordable divorce all starts with the divorce attorney. Before digging into any of the logistics, you'll want someone you can trust by your side. Trustworthy representation that's within your budget is truly the key to a successful divorce, so choosing your player is critical.
Your best bet is to compile a list of names in your area, all of whom harbor the appropriate qualifications to handle your concerns. If they don't look good on paper, they're likely not worth your time nor money. Once you have your list, go ahead and make some calls. Chat with each one and determine who's acutely attentive, strategically knowledgeable and undeniably experienced.
Trust your gut on this, and choose the lawyer who's most likely to lead you to separation without bombing you with surprise fees and uncertain endings.
Through years of experience, the attorneys at The Leges Group have come to realize the importance of trusting us when you hire us. Forward, blunt, and honest. We take your trust very seriously and understand the need to fight for you when you need us to fight for you as well as when to tell you your desired outcome may not be as great for you as you might think it is. Trust with us starts at the consultation level. If we feel like we can help you, we will do so. If we feel like we cannot, we will tell you that too.
If You See the Divorce Coming, Prepare
Not everyone is lucky enough to know that a divorce is just over the horizon. However, if you're able to plan ahead, we highly suggest it. There are a handful of ways to prep for divorce in advance that smooth out the process before it's even started.
Cancel all those joint cards. This includes credit cards, gas cards, store cards and more. When the time comes to deal with the credit companies, you'll be grateful you've already got it under control.
If you've been putting off repairs to your house and cars, now is the time to do it. That way, you won't have to bicker about who's to pay for them down the line. Get a P.O. Box for confidential mail and keep it for a steady address as you move. And if you've been meaning to start grad school, or invest in medical treatments, do it all now—any judge during your divorce is more likely to side with you if these things are already en route.
Take Care of Yourself First
Managing the wants and needs of your former spouse during a divorce can really take a toll on you. Whatever decisions you make throughout the process, we recommend ensuring they're in the best interest of you and your family. However tempting it can be to let your needs go by the wayside, you'll be grateful you stood your ground—however amicably—in the end. And when you have an honest and caring family lawyer by your side, all the better.
A Budget-Friendly Divorce is on the Horizon
Amidst all the tribulations that accompany a divorce, the last burden upon your shoulders ought to be the stress of money. Nonetheless, finances are a major factor in divorce, and both parties will be far better off if it stays budget friendly. By taking these tips with you to your consultation or mediation, you'll be able to divorce without spending a lot of money, and you'll be all the wiser for it.
When you need the assistance of an experienced family law attorney or divorce lawyer, contact the Law Office of Nikolas D. Capitano, Esquire., The Leges Group LLC today at (610) 228-2828. We have a wealth of information at our fingertips and will aggressively help you protect your rights and the rights or your family.