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How to Save On the Cost of A Divorce

 

The average cost of a divorce can range from between $1500 for an uncontested divorce to over $15,000 for a contested divorce. If you are like most people, you want to end your marriage as cost-effectively as possible. In the article below, you can learn some ways to save on the cost of a divorce.

We need to prepare for our divorces at least as much as we planned our weddings. That's right, just as you planned your gown, cake, caterer, church and honeymoon, you need to make a roadmap for your divorce. If you don't you will get lost and it will cost you to find your way home. The purpose of this article is to let you in on all the possible ways to pay for a lawyer. Just knowing these different formats will help you decide which way to go.

Flat Fees:
The first, and best in my opinion, is to pay your lawyer a flat fee for handling your divorce from start to finish. This method is the only way to guarantee how much you will pay your lawyer. The key of course is setting the amount of the flat fee.

I suggest that for every one of the following contested issues, that you be willing to pay a $1000 flat fee: Child Custody, Child Support, Maintenance, Division of Property, and Division of a Retirement Account. Therefore, if you will not be able to agree with your spouse on all five (5) issues, a good flat fee would be $5000; if you just have one contested issue, $1000. If you are lucky enough to have no contested issues, $1000 or less is appropriate.

Hourly Fees:
The second, and by far more complicated is paying a lawyer by the amount of time he/she spends on your case. This is by far the most utilized arrangement because it is often uncertain how much time it will take to see a divorce case to resolution.

I would first try to negotiate a flat fee as described above, but if that is not possible, try to negotiate the lowest hourly rate possible. Don't be afraid to haggle. Let the lawyer know that you have shopped around and have found lower hourly rates.
Second, negotiate a lower retainer.
Third, examine each and every bill you receive closely. Call the lawyer with any discrepancy that you find.


Fourth, insist that any major work be first met with your approval.
These distinctions should give you some leg up when it comes to a final tally of your bill.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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