Nobody ever wants to end up in a divorce. It's not the plan you have when you get married, and sometimes you can be caught so off guard that you don't act rationally after finding out that your significant other wants a divorce. This can lead to additional fighting in the short term and it can also lead to a lot of wasted money as you navigate the divorce process. It can be difficult to plan for the future while going through a divorce, but according to US News, there are things that you can do to save money and put your best foot forward as you move on financially from your marriage.
Hire a Divorce Attorney
Finding a divorce lawyer is the first step you'll want to take, and you want to to do so while considering the quality of representation relative to the price. Many lawyers charge hundreds of dollars per hours, while others charge far less. It's important to find a divorce lawyer that you can afford, but you should never sacrifice quality just to save an extra few dollars.
Shorten the Discovery Period
You'll want to have your attorney give you a list of the documents that you need to gather, and then you can save money by rounding them up on your own time. If it is something that you can do, you are basically saving their rate per hour for all of the time that you spend hunting down documents and getting copies.
It's important to get with your attorney to devise a strategy for how you'll handle the different aspects of the divorce. Doing so can help you save time, frustration and money throughout the process. Planning ahead and knowing how you're going to address the different parts of the divorce can help you efficiently handle any conflicts or issues that arise.
Document Your Financial Standing
Before you go through the divorce process, you'll need to clearly document your financial standing. This is going to include what you make and what assets you own, and you'll also need tax returns for the last three years and recent pay stubs. This will all help to paint a financial picture that will make it clear what you are entitled to and what your significant other is entitled to as you separate. It's obviously not a pleasant process, but it is important that you follow the advice of your attorney and try to handle the situation logically and rationally so that you suffer as little financial penalty as possible.
Hire a Divorce Attorney
Finding a divorce lawyer is the first step you'll want to take, and you want to to do so while considering the quality of representation relative to the price. Many lawyers charge hundreds of dollars per hours, while others charge far less. It's important to find a divorce lawyer that you can afford, but you should never sacrifice quality just to save an extra few dollars.
Shorten the Discovery Period
You'll want to have your attorney give you a list of the documents that you need to gather, and then you can save money by rounding them up on your own time. If it is something that you can do, you are basically saving their rate per hour for all of the time that you spend hunting down documents and getting copies.
It's important to get with your attorney to devise a strategy for how you'll handle the different aspects of the divorce. Doing so can help you save time, frustration and money throughout the process. Planning ahead and knowing how you're going to address the different parts of the divorce can help you efficiently handle any conflicts or issues that arise.
Document Your Financial Standing
Before you go through the divorce process, you'll need to clearly document your financial standing. This is going to include what you make and what assets you own, and you'll also need tax returns for the last three years and recent pay stubs. This will all help to paint a financial picture that will make it clear what you are entitled to and what your significant other is entitled to as you separate. It's obviously not a pleasant process, but it is important that you follow the advice of your attorney and try to handle the situation logically and rationally so that you suffer as little financial penalty as possible.
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