Divorcing on a budget

Divorce can be incredibly expensive, but does it HAVE to be?  Spending unnecessary money on divorce is foolish. This is money you could be utilizing after your divorce or to care for your kids.  Wouldn’t you rather pay for piano lessons or a family vacation than spend unnecessary money fighting your ex?  Hindsight is always 20/20, but the easiest way to minimize divorce costs is to sign a prenuptial agreement with your future spouse.


Uncontested divorce is often the cheapest route. A divorce that is uncontested offers pathways for negotiation that foster less conflict. These divorces may be resolved quicker and require much less time with an attorney.  This is a great option for people who have a low level of conflict with their ex spouse and would like to keep the nitty gritty details of their divorce negotiations private. If you are looking to end your marriage as painlessly as possible for your wallet, uncontested divorce may be the answer.


What should I do if uncontested divorce is not an option?  Contested divorce occurs when there are exceptional circumstances in the marriage that do not allow for each person to advocate for himself or herself adequately and/or if there are unresolvable issues that must be decided by the court. Contested divorce can be costly and time consuming, not to mention extremely acrimonious. If you are involved in a contested divorce the best ways to minimize costs are to be as reasonable and civil as possible. Unnecessary court appearances and round the clock use of an attorney can add up very quickly.  Work with your attorney to develop your high end goals at the beginning and make sure any work done is in furtherance of those goals, not other distracting, petty, expensive issues.  Stay focused.

STAY UP TO DATE

Subscribe to our newsletters

 
Subscribe to one or more of our newsletters, delivering meaningful insight on topics that matter to you and your family.

FURTHER READING

Latest Blog Posts

Many people find it challenging to get started with estate planning. From confusion about the process to denying that estate planning is necessary, there are various reasons why people do not want to create an estate plan. That said, estate…

After divorce, it is common to experience feelings of shame. That shame could arise from multiple sources, including feeling that you let your spouse or children down or because you are worried about what others may think of you. Regardless…

Estate planning can feel overwhelming, but it is necessary to ensure your assets are in order and your loved ones are taken care of. Establishing an estate plan can also make certain issues easier for you and your family during…

In Washington state, alimony is referred to as maintenance. Maintenance is court-ordered spousal support payments that one spouse makes to assist with the living expenses of the other spouse for a period of time and for a particular purpose.  Maintenance…

The homes. The boat. The investment accounts. During a high-net-worth divorce, the disposition of these and other assets (and debts) may be one of the most significant reasons underlying the contention between you and your soon-to-be-ex, making these types of…

This is part three of our three-part series, “Expecting the Unexpected.” You can read part one on catastrophic illness here and part two on chronic illness here. Estate planning may initially bring to mind the process of outlining the manner…

It seemed like it was going to be just another day. Get the kids off to school, do household chores, go to work. But then your spouse let you know it was over between you, that they want a divorce.…

This is part two of three in our series “Expecting the Unexpected. You can read part one on catastrophic illness here. For many, estate planning immediately brings to mind ways you can protect your assets and retirement funds for your…

When considering divorce, you may toy with the idea of representing yourself. For example, you may think your divorce will be relatively straightforward. Or maybe you consider yourself a savvy negotiator and highly intelligent. Or the idea of saving yourself…

While estate planning is often associated with enjoying assets while you are alive and then preparing for their disposition to inheritors after death, there are more outcomes estate plans can aid in to adequately protect the quality of your life…