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Cut divorce costs down by understanding what makes them rise

One of the biggest problems people face during a divorce is the cost. While there's no escaping the fact that divorce can be expensive, you can keep the cost down by understanding what makes the cost of a divorce rise.

A divorce is estimated to cost anywhere between $10,000-$20,000. What causes couples to come out on the high end of that spectrum?

  1. Not knowing their own financial information. If you want to keep costs down, educate yourself about the family finances before you start filing for divorce. If you have to involve experts in order to determine your family's net worth, you'll start to see your costs rise dramatically.
  2. Changing goals. If you aren't 100 percent certain that you're ready to file for divorce, don't initiate the process. Try counseling first. Starting and stopping the divorce process -- then starting all over again if you realize that you really can't make the marriage work -- will make your costs escalate.
  3. Fighting over inconsequential issues. If you want to keep your divorce costs low, try to negotiate directly with your spouse over small issues. You don't want to pay an attorney to argue over things like who gets to keep the wedding china or the record collection when there are more important concerns like child custody and support to settle.
  4. Letting emotions control the show. One of the worst things that you can do during a divorce, from a financial perspective, is try to use your divorce to air your grievances with your spouse and look for vindication. Since the advent of no-fault divorce, a spouse's misbehavior usually doesn't affect the outcome of a divorce very much. You'll come out of the divorce happier -- and wealthier -- if you focus on the future instead of the past.

If you're contemplating divorce, contact an attorney as soon as possible in order to discuss your options. For more information on how our firm approaches divorce issues, please visit our page.

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