June 30, 2009
If you can’t afford to move out during a divorce, and can’t find somewhere to crash while you and your spouse alternate staying in the marital residence with the kids, there are a few ways to minimize the costs during a divorce.
According to a survey, 68% of Divorce Financial Analysts questioned said they had clients who could not afford to get divorced. The primary piece of advice they gave those clients: be cooperative and realistic and, above all, BE FLEXIBLE.
Clients who enter the divorce process asking for the moon (and the stars) have to expect to pay the price of litigation to fight for what they want. But if they can mediate their divorce — or at least negotiate with reasonable expectations — they will keep costs down and probably create better solutions for their specific needs. Negotiating a reasonalbe amount of alimony and child support now and agreeing to review those obligations when the economy improves, for example, may give everyone a little breathing room
Divorce Financial analysts also recommended sitting down with a lawyer for an extended consultation, perhaps 2 or 3 hours. Clients can then using that advice to streamline their goals and approach issues realistically with their spouse.
In short, to save money:
- be flexible
- be reasonable
- be open to creative solutions
- be willing to compromise
- seek competent advice from a family law specialist
- mediate whenever possible.