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.
MY DIVORCE IS GOING TO COST HOW MUCH?!
By: Craig G. Kallen III, J.D.
Whatever happened to the $500 Divorce? Well, I can tell you that
as our lives grow more complex, so do our divorces. As divorces
become more and more complex, they become more and more expensive.
So, is there anything we can do to save on legal expenses as we
proceed through the minefield of divorce? The answer is a
resounding, yes. The key is to know how many issues are out there
and how we can resolve them to our satisfaction with the least
amount of conflict.
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.
The Secret To Saving Legal Fees,
written by Craig G. Kallen III,
shares with the reader
helpful hints that can make a big difference on both the outcome and
expense of divorce litigation. The book was written for
the benefit of the client using the insight of a lawyer who has
practiced at the trial court level for over a decade.
Controlling the cost of a divorce is important, especially when
you are faced with living on one income. Instead of taking
your spouse to court merely for the sake of revenge, it is better to
work out as many issues as possible. If you can work out all
the issues, you can avoid a costly contested divorce.