Tips For Saving Money On Divorce

Not all divorces are high profile affairs with both parties scrambling to get their share of the substantial pie of homes, vehicles, and cash. In some cases, there may not be a lot of funds available, which makes even the cost of the divorce an issue for both parties. If you find yourself in this situation, the following money saving divorce tips can help.

Tip #1: Do the paperwork yourself

This option works well for a relatively simple split where there isn't a lot of property or shared debt. You will need to reach an agreement on items, including custody arrangement if children are part of the divorce. You can purchase the legal kits for filing the paperwork relatively inexpensively. It's still a good idea to have a lawyer review and file the paper work, and in some states this may even be required, but you will not have as many legal fees as you would if you had followed the traditional divorce method.

Tip #2: Hire a mediator

For slightly more complicated divorces or if you and your ex aren't completely in agreement, a mediator may be a better option than a DIY kit. A mediator, which is often a lawyer, sits down with both of you to help facilitate the division of property and debt, while also helping you both come to custody terms you can agree on. Once complete, the divorce arrangements are finalized in court. Although this costs more than DIY divorce, it is still less than hiring a lawyer for a traditional divorce.

Tip #3: Prepare thoroughly

Another way to save money is to save time, since lawyers often bill by the hour. The more tasks you complete on your own, the lower your bill. For example, make sure that you have all of the necessary documentation ready before you meet with the attorney. This includes marriage certificate, identification paperwork, records of previous divorces, and financial records. Go through the checklist provided by the attorney and complete as many of the tasks on it yourself before you sit down to finalize the paperwork with your lawyer.

Tip #4: Keep communication open

Finally, take the time to be amicable during the divorce by keeping your personal emotions in check as much as possible. Being able to exchange information directly with your ex or to discuss issues pertaining to the divorce without fighting means that you won't need to handle all the small details through your lawyer in order to avoid fights. This will further cut down on billable hours. Working together is one of the best ways to save money.

For more help, consult with a divorce attorney, such as those found at Blanco Law Office, PA, in your area.