Divorce Causes Fights Over Money In More Ways Than One

How Can You Save Money On A Divorce?

One of the biggest tropes about the divorce process is that no matter how you approach it, it’ll bleed your finances dry.

While it’s surely possible for legal fees and wayward negotiations to cost a person an arm and a leg, earning your freedom from an unhappy marriage doesn’t always have to come with an exorbitant price tag.

Here are some of our tips for how you can save money on your divorce while still receiving the appropriate legal help you need.

Try to Keep Your Divorce Out of Court

Although it can be tempting to want to argue your case against your soon-to-be ex in front of a judge, this move can end up costing a pretty penny in legal fees. Aside from the expense of litigation, dragging your spouse to court could sever what civil ties you have left and leave a lasting damper on your relationship.

Two ways to keep the peace and save money during either a contested or uncontested divorce could be:

  • Mediation, where both parties work with a mediator to help, come to terms with specific factors of a divorce.
  • A collaborative divorce where both sides agree to work together to quickly resolve some of the most important areas of a divorce. This process saves both parties time and money. However, if you really want to stay in control of your divorce’s finances, it’s always best to ask your lawyer if they charge a flat rate or by the hour.

Organize Your Finances Before Your Lawyers Do

When it boils down to it, your divorce is really all about dividing up finances as fairly as possible. Most of the legal work you’ll pay for from your lawyer at the beginning of the divorce process is organizing your finances and understanding who is entitled to what assets.

Save your lawyer some time and save yourself some money by gathering all of the necessary discovery documents before your lawyer asks for them.

Some of the crucial documents you’ll need include the following:

  • Bank statements
  • Pay stubs
  • Tax returns
  • Real estate documents

Find An Attorney That Has A Flat Rate

Divorce lawyers will charge either a flare rate or by the hour. If your goal is to save as much money as possible during your divorce, a flat rate fee is your best bet. 

An honest lawyer should quickly be able to tell you how much your case will cost. So, regardless of their billing method, never be afraid to ask about the potential costs of your divorce with their firm.

Start With What You and Your Spouse Agree On

If you and your spouse are still on relatively good terms, it could be a good idea to sit down and come up with a plan for some of the items in your divorce that you absolutely agree on. 

From something as simple as furniture division to the complexities of dividing real estate, the possibilities of agreement are endless. The point is if you can both approach your lawyers with a plan, the time saved is immensely valuable to your process and budget.

Get a Fair, Affordable Divorce With Nilsson Legal Group

If you live in Fort Worth or in one of its surrounding communities and need a divorce lawyer that understands all of the ins and outs of the divorce process, the Nilsson Legal Group is ready to meet you. 

Our family law attorneys have extensive experience overcoming any obstacles that get in the way of a successful divorce outcome. Trust us to help you move on to the next steps in life.

Contact our legal team today to schedule your free consultation.