How to save money during a divorce

On Behalf of | Mar 19, 2020 | Divorce

It goes without saying that no couple ever gets married with the intent of one day ending the marriage. However, this is what happens to almost half of all marriages in California and across the United States. Every divorce is different and couples divorce for a number of reasons. Regardless of circumstances, ending a marriage is expensive. Here are a few tips that could help save money during the stressful experience of divorce.

The best way to decrease the cost of divorce is to avoid a trial and try to resolve the issues through mediation or a collaborative divorce. During the mediation process, spouses will work with a neutral third party to negotiate and come to agreements that will benefit both parties. Mediation saves money by allowing couples to communicate directly and openly. Collaborative divorce is another option to save money by avoiding a trial. In this process, attorneys of each spouse will work toward a settlement by meeting with both parties together to reach agreements.

Organization is crucial for saving money during a separation. For the most part, divorce is basically a financial transaction. A divorce attorney will review and organize the files of clients to gain an understanding of the financial situation. Those going through divorce can save both time and money by keeping and organizing financial records so that legal representatives will not have to do this for them.

Going through a divorce is always costly, both financially and emotionally. Perhaps the most important piece of advice is to always seek professional assistance and never attempt to go through the situation alone. Those in California who have questions about divorce may want to consider speaking with an experienced legal representative to help them navigate this confusing and often stressful process.