Commercial Awareness Update – W/C 7th September 2020
September 4, 2020Interview with Jake Schogger, qualified lawyer, entrepreneur and author
September 9, 2020Not only is marriage breakdown difficult, you have to pay for it. If you’re not careful, you will pay a lot of money for a divorce.
With Divorce, What Seems Cheap Can Be Expensive
No matter how you go about it, if you need a divorce you must pay at the VERY minimum, the state fees for processing a divorce.
However, the state fees are not very much compared to what the final divorce will cost, unless you and your spouse decide right away to get a cheap divorce. Better yet, divorce attorneys like arnoldwadsworth.com can streamline the process more efficiently, saving time and money in the long run.
How Not To Get a Cheap Divorce
The most expensive divorce process is one in which each party hires an attorney and the parties proceed to a trial. Divorces come to this when spouses can’t agree on divorce issues.
The legal fees after a full trial can be in the tens of thousands of dollars (maybe even hundreds of thousands of dollars)… for each lawyer. It is advisable to get guidance on divorce law.
Divorce Costs from Trial
Guess who pays? You and your spouse.
Putting this into perspective, suppose you own a home and have $100,000 in equity in that home. Plus $100,000 in savings. Half of your joint property will go to lawyers. As you can see, going to trial over your divorce is by far the most expensive method. This is just an example. Going to trial can be less or more expensive (it can actually cost even more) – depending on the circumstances.
What About Simply Hiring a Divorce Lawyer to Do the Paperwork?
This is much cheaper than going to trial. This works if you and your spouse agree to all the terms of divorce. You can find divorce lawyers who will process the paperwork for you. It’s still not the cheapest methods for getting a divorce but it can be a sound approach because you’ll receive legal advice (which you’ll pay for).
Divorce Legal Advice
Legal advice is complex. Some lawyers might encourage litigation. Even if you do have a good chance at getting a little more than you’ve agreed to with your spouse, your legal fees could be far more than any gain. You must weigh what you might gain in court versus the cost of going to trial. If you’re being counselled to change what you and your spouse may have agreed to, you could be opening yourself up to a long court battle. Your spouse could despise the fact you’re going back on your agreement and not take that kindly.
According to the Salt Lake City divorce lawyers at arnoldwadsworth.com, retaining the services of a qualified family law attorney is one of the best ways to protect your assets and your rights. If you are seeking a divorce, contact a divorce and family law attorney in your area.