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Strategies for saving money amid a challenging divorce

On Behalf of | Apr 16, 2021 | Divorce |

Obviously, no couple takes their wedding vows with the intent of one day ending the marriage. However, every year, thousands of couples in Michigan and across the United States go through divorce. Although every marital breakup is different, one thing most divorces have in common is that the process can get very expensive. The following strategies could help save money during the challenging experience of divorce.

Mediation or collaborative divorce

Probably the best way to save money during this experience is to keep the divorce out of court. Approaches to consider are collaborative divorce or mediation. In mediation, spouses work with a third-party mediator to amicably come to agreements that benefit both spouses. In collaborative divorce, spouses and their attorneys meet together and negotiate to reach agreements.

Stay organized

Preparing and organizing records and documents can save a ton of money in a divorce. Usually about half of what a divorce attorney does is review and organize the documents and files of clients. By organizing and filing documents and records themselves, those going through divorce won’t need their lawyers to do this for them, thus reducing expenses.

Divide household items

Spouses who go through a separation will likely have many items to split. By figuring out on their own what to split, spouses can save money on attorney fees. Dividing household items such as furniture, dishes or rugs can be done without the need for a lawyer.

Divorce can be one of the most stressful and challenging events in a person’s life. It is also usually very costly. Fortunately, those who find themselves suddenly thrust into a marital breakup do not have to go through this emotional experience alone. Any individual in Michigan who has questions or is going through divorce could benefit by seeking the services of a knowledgeable family law attorney. An experienced legal representative can help guide individuals through this confusing process.

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