Save money in the divorce process

Divorce is a very difficult and costly process. Fortunately, there are ways to cut expenses out of the whole ordeal.

2013-05-30

May 30, 2013 (Press-News.org) Save money in the divorce process

Article provided by Law Office of L. Todd Nalagan
Visit us at http://www.toddnalagan.com

Everyone knows that divorce can be emotionally difficult. However, many do not consider the toll that the process can take on one's finances. Mediators, psychologists, accountants, court fees and other expenses can really add up.

Therefore, it is important for those confronting a divorceto create a budget and be cautious of expenses. Also, it can help to limit the amount of money spent within the process. There are a few ways you can do this.

First, if you and your ex are on somewhat amicable terms, you may be able to avoid court and associated costs. Specifically, mediation, arbitration or collaborative divorce procedures are inexpensive ways to end a marriage. These systems are enforceable in court; however, they typically do not involve the administrative expenses and stress associated with traditional litigation. Moreover, an attorney can still assist you with these processes.

Another way to save money is to have cost-effective discussions. In other words, before you spend thousands of dollars fighting over a $600 property item, think about whether such disputes are worth the time and money. It is important to think long and hard before dragging out discussions on the division of assets. Longer discussions often equate to more money spent in the process.

It also helps to hire professionals such as an accountant and lawyer. Working with experienced, trained specialists gets the job done both quickly and efficiently. While some may try to avoid representation, this may not be a good idea. Emotions can be off during this period, and it is easy make poor decisions when logic is influenced by your feelings. One is at a disadvantage in negotiations and disputes when his or her mind is preoccupied or stressed. Therefore, it is best to have assistance by your side.

Furthermore, it is also important to remain organized. Keep all documents and communications together. This can help save time and money in the legal process. If an accountant or lawyer needs financial statements, try to bring all relevant documents into his or her office in a sorted fashion. Many professionals bill on an hourly basis. Therefore, if you save time, you will save yourself some money.

These are a just a few tips, which can help cut dollars in the process. Of course, it is also important to consider future financial planning as you transition into a new life. To learn more about the divorce process and associated expenses and responsibilities, contact a qualified family law attorney in your area.

ELSE PRESS RELEASES FROM THIS DATE:

Understanding paternity rights in Oklahoma

2013-05-30

Understanding paternity rights in Oklahoma Article provided by Law Office of L. Todd Nalagan Visit us at http://www.toddnalagan.com To retain custody or visitation rights of a child, a male in Oklahoma must first establish paternity. In Oklahoma, the establishment of paternity depends on whether a child was born into a marriage. Specifically, a man is automatically presumed to be a legal father of a child if he is married to the mother when the child is born. Similarly, if a child is not born into a marriage, but the man and mother were married within 300 days of ...

Bankruptcy in Texas: what property is exempt?

2013-05-30

Bankruptcy in Texas: what property is exempt? Article provided by Wyatt & Gracey, PC Visit us at http://www.wyattpllc.com/ A misleading and persistent rumor says if you file for bankruptcy protection, you have to sell your property to pay your debt. It is true that in Chapter 7 bankruptcy, certain types of your property may be sold. However, the only type of property that may be sold is called nonexempt property--property that is not exempt from the bankruptcy estate. How exemptions protect your property Exempt property is removed from the bankruptcy estate ...

Chapter 13 bankruptcy: a remedy as Ohio foreclosure rates increase

2013-05-30

Chapter 13 bankruptcy: a remedy as Ohio foreclosure rates increase Article provided by Robert E. Bardwell, Jr. Attorney at Law Visit us at http://www.ohiobankruptlaw.com While many may assume the worst of the housing collapse is over, financial institutions in Ohio are aggressively pursuing foreclosures to clear troubled properties off their books. As a result, Ohio had the third-highest rate of foreclosures nationwide in April. For some, an Ohio Chapter 13 bankruptcy is a way to stay in their home and stop the foreclosure process. According to data from RealtyTrac, ...

Loan modifications may offer relief for struggling homeowners

2013-05-30

Loan modifications may offer relief for struggling homeowners Article provided by Law Offices of Robert M. Geller, P.A. Visit us at http://www.attorneyfortampabay.com Americans across the country are struggling to keep their homes as many homeowners continue to find themselves owing more for their home than it is worth. Government officials are taking note, extending relief programs and taking steps to educate the public on programs that may help homeowners who find themselves in these situations. Educational efforts include The Department of Treasury's Foreclosure ...

New technologies may reduce risk of job related injuries in Georgia

2013-05-30

New technologies may reduce risk of job related injuries in Georgia Article provided by Law Office of D. Lee Biola, LLC Visit us at http://www.workers-compensation-atlanta.com The Bureau of Labor Statistics estimates that almost 1.2 million workers were injured while on the job and an additional 4,609 were killed. Accidents can occur in any work environment, but truck drivers, medical professionals, construction workers and laborers appear to be at the greatest risk for injury. One company is applying a novel concept in an attempt to help reduce the risk of injuries ...

Long-term impact of dangerous chemicals and workers' comp basics in Georgia

2013-05-30

Long-term impact of dangerous chemicals and workers' comp basics in Georgia Article provided by Law Office of D. Lee Biola, LLC Visit us at http://www.workers-compensation-atlanta.com Lead, asbestos and arsenic are three examples of chemicals that can lead to serious, even fatal, injuries to workers. These chemicals often do damage when the worker is exposed to small amounts over a long period of time. OSHA, or the Occupational Safety and Health Administration, an agency designed to protect employees from workplace hazards, has set limits to many of these dangerous ...

Parental relocation in Nevada

2013-05-30

Parental relocation in Nevada Article provided by Dawson, Ford & Friedman, LLC Visit us at http://www.fordfriedmanlaw.com When a couple begins to get serious about their relationship, they may start thinking about the perfect place to raise a family. They want to live in an area that offers stable employment and other benefits so that their children will have ample opportunities to succeed. However, some of these parents may experience a change in circumstances that leads to the end of their relationship. In some situations, this may even lead to one of the ...

Connecticut DOT provides grants to increase DUI enforcement

2013-05-30

Connecticut DOT provides grants to increase DUI enforcement Article provided by Law Offices of Daniel P. Weiner Visit us at http://www.dpweinerlaw.com Connecticut's Department of Transportation (DOT) recently issued grants to police departments throughout the state. These grants are intended to supplement DUI detection and enforcement efforts by providing funding for officers on the state's roadways and allowing the state to conduct more roadside sobriety checkpoints. The impact of these grants is not yet known, however it is likely that they will result in an ...

Past-due medical expenses can cause major problems on credit reports

2013-05-30

Past-due medical expenses can cause major problems on credit reports Article provided by The Smith Law Offices, P.C. Visit us at http://www.smithlawmichigan.com/ Injuries and illnesses often happen with little to no warning to even the healthiest of individuals. If the injury or illness is serious, it may lead to costly medical treatments. Some may rely upon insurance to cover these expenses, but not all procedures will be covered, and will need to be paid for out-of-pocket. Because these procedures can be so expensive, many individuals struggle with repaying ...

Focusing on the child during custody matters

2013-05-30

Focusing on the child during custody matters Article provided by Schneider Law Firm, P.C. Visit us at http://www.clientdrivenlaw.com There are few things in life as rewarding as becoming a parent. Once the child is born, the parents know that they have a great responsibility to ensure that they will provide for their child's needs. This will require parents to make decisions that are in the child's best interests, which may not always be easy to determine. For parents whose relationship with one another is coming to an end, they will need to determine how they ...

LAST 30 PRESS RELEASES:

Scientists reveal our best- and worst-case scenarios for a warming Antarctica

Cleaner fish show intelligence typical of mammals

AABNet and partners launch landmark guide on the conservation of African livestock genetic resources and sustainable breeding strategies

Produce hydrogen and oxygen simultaneously from a single atom! Achieve carbon neutrality with an 'All-in-one' single-atom water electrolysis catalyst

Sleep loss linked to higher atrial fibrillation risk in working-age adults

Visible light-driven deracemization of α-aryl ketones synergistically catalyzed by thiophenols and chiral phosphoric acid

Babies with an increased likelihood of autism may struggle to settle into deep, restorative sleep, according to a new study from the University of East Anglia.