What are the most costly parts of a divorce?

It’s no secret that the divorce process can be expensive, but many people don’t realize that the process can be less expensive if you plan and prepare accordingly. Some of the costs associated with divorce are associated with hiring an attorney and dealing with the courts; other costs are related to the burden one half of a couple must take on when a secondary source of income is no longer contributing.

Couples who can work through the divorce process together might consider collaborative divorce, which can be a less expensive, and less contentious, way to secure a divorce. The alternative to collaborative divorce often includes litigation, which can be an extremely expensive and time-consuming process.

You might also consider hiring an attorney for a limited representation, which might mean that you and your soon-to-be ex fill out the forms on the state’s website and then each work with an attorney before submitting them to the court to double check your documents and make sure everything is accurate.

In addition to finding ways to minimize costs related to attorneys and courts, you should begin to plan as early as possible for the financial transition you will endure when you are on your own. One of the most important things you can do is establish a budget that includes all of your potential expenses so you’re aware of how much you will need to meet your needs. Here’s a good article on why budgeting is so important.