Hiring an experienced attorney to handle your divorce is important to achieve your goals. A skilled lawyer can make sure that you are getting a fair shake when it comes to dividing marital assets and ensure that the best interests of your children are being served with regard to custody and support arrangements.
When people contemplate getting a divorce, many are concerned about legal expenses. However, being proactive can sometimes help you to cut down on costs.
Prepare Financial Documents for Divorce Meetings
One of the simplest ways to reduce attorneys fees is to put in the effort to gather information. Courts require full disclosure of all assets and liabilities on a Financial Disclosure Statement and the more complete and well-organized your records are, the less time your attorney will have to spend sifting through your documents to get the information they need.
For example, you will want to gather information regarding balances and ownership of bank accounts, retirement accounts, investment accounts, life insurance policies as well as information regarding assets or debt in your name, your spouse’s name or both.
Identify Your Priorities and Goals
Divorce can be a very emotional process, which doesn’t lend itself to forming a clear picture regarding your short and long term goals regarding the divorce. You may want to divorce and never look back or may be on the brink of retirement and want to secure your financial future. You may own a small business with your spouse and want to chart a path forward or keep your spouse at arms length to protect your kids. Knowing what you want is key.
In order to work with your attorney efficiently, you may want to consider working with a counselor, clergy or talk with friends who can help you to decide what are the important issues you want to address in the divorce so that you can communicate these wishes clearly to your attorney. From a cost perspective, being prepared to communicate what you want to achieve clearly and decisively can help you and your attorney move swiftly through the legal process with confidence.
Areas of Compromise
To avoid driving up the cost of divorce, you may have to compromise with your spouse to avoid going to trial. Identify what your priorities are and areas you are willing to negotiate knowing that your spouse will also have priorities in mind. If you can work together, all the better. However, if your spouse is unwilling to compromise, you may have to go to court. As before, if you can communicate your goals effectively, the process will go more smoothly reducing costs.
Contact a Waukegan Divorce Lawyer for Help
If you are considering divorce and have questions regarding child support or custody, the division of marital assets or debt, alimony or other concerns, contact the Libertyville Law Offices of Schlesinger & Strauss LLC for help today.