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Do you know how to reduce the cost of divorce?

On Behalf of | Feb 21, 2020 | Divorce |

Your recent decision to divorce has left you with a lot to think about. For instance, what may life look like when you go back to supporting yourself on a single income? Taking steps to lower the cost of divorce is sure to help. 

To give you an idea of what saving money during divorce looks like, see what Forbes has to say about the matter. Understand how to set yourself up for financial success for the next chapter of your life. 

Consider skipping a trial 

Depending on the particulars of your divorce case, you may have the option of forgoing a trial and instead opting for something like mediation or collaborative divorce. Either option can help you get what you need from the divorce and avoid unnecessary spending. 

Get your finances in order  

Getting and remaining as organized as possible during the entire divorce proceedings helps you save time as well as money. Specifically, print out or note all bank accounts and financial records shared with your soon-to-be-ex. This includes tax returns, deeds, retirement and investment accounts, loans, and recent pay stubs. Ask your legal professional for a list of all financial documents and records needed for your divorce. 

Split your own household items  

Determine how you and your current spouse want to divide all household and marital items. Additionally, try to remove all emotional attachment from arguing over basic household items like a set of dishes. Instead, look at it as a business transaction. 

Keep your eye on the financial prize during your divorce proceedings. Do something for which your future divorced self cannot help but thank you.