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Useful tactics to save money smartly during divorce
Divorce can be very time-consuming and very costly. It's a serious matter that should be taken with precautions since you'll have to battle it out on the court. If you are not informed properly, you might get swept up with financial and time-related dilemmas associated to divorce. Read and learn from these tips on how you can save money while preparing for a divorce.
1. Learn about the divorce process
You should read about various statues and laws when you are planning for a divorce. You can also seek help and advice from people around you who have been in the same situation. When you do some self-learning about the divorce process and legal child custody matters so you will be able to ask important questions to your attorney effectively.
2. Choose your counsel properly and wisely
Don’t blindly go for the cheapest counsel, as it may just lead to cheap results and cost more in the long run. If you chose an incompetent attorney and would fail in the end, you’ll have to seek for another counsel’s help again to fix mistakes made by the previous one, and that is just a waste of money that will be prevented if you just chose the right one.
You should read about various statues and laws when you are planning for a divorce. You can also seek help and advice from people around you who have been in the same situation. When you do some self-learning about the divorce process and legal child custody matters so you will be able to ask important questions to your attorney effectively.
2. Choose your counsel properly and wisely
Don’t blindly go for the cheapest counsel, as it may just lead to cheap results and cost more in the long run. If you chose an incompetent attorney and would fail in the end, you’ll have to seek for another counsel’s help again to fix mistakes made by the previous one, and that is just a waste of money that will be prevented if you just chose the right one.
3. Write and e-mail your attorney
Some attorneys would charge per hour. So if yours does, opt for communication via letter or email so you can save up on hourly fees for meetings. Phone meetings might also be difficult especially if your attorney won’t be available immediately, so you can also opt for writing.
4. Get your properties appraised by a professional
Appraisal of your properties is one way of preparing for your attorney. Real estate, business accounts, and other personal items should be assessed by their value since your attorney will most likely be asking about that. If you can do that beforehand, then you can save time and money.
5. Be fair in valuing household items
Before your divorce, you should assess their worth first since these items are going to be divided. Be fair as much as possible; discern every item’s market value by looking it up on websites or have it checked by a professional.
6. Live with a budget
If you are planning to file a divorce, you are going to be spending quite an amount of money. So while it hasn’t started, you can slowly save up and learn to live and stick to the budget. Don’t overspend and just buy the necessary items.
Divorce is very stressful for you and your husband, but it is worse for your kids. Make sure that you get to spend time with them despite your busy schedules and counsel appointments. It is also a way for you to show your commitment to them, and that reduces child support payments.
8. Seek for a second opinion
Important matters such as divorce need a second opinion. You can seek help from other family law counsels. By doing so, you will be able to know other attorney’s take on your case, and whether or not there are still other choices for you.
You need to be well-prepared when you start the whole divorce process. By following any or all of these, you can prevent further or possible problems that will usually be encountered by those who are not fully ready for the arduous battle of divorce.
Some attorneys would charge per hour. So if yours does, opt for communication via letter or email so you can save up on hourly fees for meetings. Phone meetings might also be difficult especially if your attorney won’t be available immediately, so you can also opt for writing.
4. Get your properties appraised by a professional
Appraisal of your properties is one way of preparing for your attorney. Real estate, business accounts, and other personal items should be assessed by their value since your attorney will most likely be asking about that. If you can do that beforehand, then you can save time and money.
5. Be fair in valuing household items
Before your divorce, you should assess their worth first since these items are going to be divided. Be fair as much as possible; discern every item’s market value by looking it up on websites or have it checked by a professional.
6. Live with a budget
If you are planning to file a divorce, you are going to be spending quite an amount of money. So while it hasn’t started, you can slowly save up and learn to live and stick to the budget. Don’t overspend and just buy the necessary items.
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7. Spend time with your kidsDivorce is very stressful for you and your husband, but it is worse for your kids. Make sure that you get to spend time with them despite your busy schedules and counsel appointments. It is also a way for you to show your commitment to them, and that reduces child support payments.
8. Seek for a second opinion
Important matters such as divorce need a second opinion. You can seek help from other family law counsels. By doing so, you will be able to know other attorney’s take on your case, and whether or not there are still other choices for you.
You need to be well-prepared when you start the whole divorce process. By following any or all of these, you can prevent further or possible problems that will usually be encountered by those who are not fully ready for the arduous battle of divorce.
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Any facts, figures or references stated here are made by the author & don't reflect the endorsement of iU at all times unless otherwise drafted by official staff at iU. This article was first published here on 15th December 2016.
