It’s no secret that divorce can be a costly endeavor. But why is it so expensive, and what are you doing to ratchet up the costs? Here are several red flags that you could be increasing the cost of your own divorce.
You’re Arguing About Every Detail
Very few divorce agreements are exactly equal. You’ll likely have to make compromises about some things and accept terms that are mostly fair or equitable, even if they’re not precisely equal. If you contest every detail, your divorce will take longer — and as a result, cost more.
You’re Calling or Emailing Your Lawyer Frequently
Unless you have your attorney on retainer, you’ll be billed your lawyer’s hourly fee for any phone calls, emails, or other correspondences that need to be handled in between meetings. These costs can add up quickly when you’re calling or emailing often with questions. To keep your divorce costs as low as possible, contact your lawyer only when you need to. Have a list of matters to address before you call so you can be as efficient as possible.
You’re Spending Money You No Longer Have
Adjusting from two incomes to one can be a challenge, but if you’re spending money you no longer have, you’ll see your finances dwindle quickly. Develop a budget for a one income household and stick to it as much as possible. If you have children, avoid the temptation to spend money on material things to help them feel better about the divorce. This rarely works and is simply an additional and unnecessary expense.
You Kept the House
“Keeping the house” is often considered a big win in a divorce, but many people find out later that the cost to maintain the home on a single income isn’t feasible. Consider selling the home, dividing the funds equally between you and your ex-spouse, and using your portion to fund your move into a smaller, more financially manageable house now that you’re living independently.
Keep Your Divorce Costs Manageable — Contact a Texas Divorce Attorney Today
Don’t let your divorce expenses get out of hand — work with an experienced divorce lawyer to help keep your focus on what’s important and keep the process going as smoothly as possible. At the Bourlon Law Firm, we’re committed to helping you protect your interests as you dissolve your marriage. Contact us today for a consultation at 361-289-6040.