Divorce is an emotionally taxing process. Thus, it is best to understand different ways that may contribute to the cost of your divorce for effective management and planning. In this article, we will list some common factors that can boost the cost of your divorce. You can hire an experienced lawyer from The Harris Firm. So, here we go!
Factors increasing your divorce cost
1. Complex Financial Situations
Accurately valuing complicated assets like real estate and businesses, can be costly. Appraisers, forensic accountants, and financial specialists are frequently needed for this. When one partner tries to conceal assets, it may take a lot of work and investigation to find them, which raises the cost of legal and expert services.
2. Contentious Custody Battles
Legal costs associated with child custody disputes may rise. Lawyers will need to spend time negotiating or litigating in highly contested cases. Costs associated with custody battles may increase if assessments of the child’s best interests by psychologists or other professionals are needed.
3. Litigation vs. Mediation
Selecting litigation over mediation can result in a significant rise in expenses. Increased costs are a result of court fees, protracted court cases, and the combative character of litigation. Compared to mediation or collaborative divorce, litigation is frequently longer drawn out, which increases the total cost and the number of billable hours for lawyers.
4. Disagreements Over Alimony and Child Support
Protracted discussions on child support and alimony payments may increase the cost. Every legal negotiating session can be expensive, particularly if the parties are unable to come to a swift agreement. Costs may increase even further if a judge is called upon to make a decision in court if agreements cannot be reached.
5. High-Conflict Behavior
Conflicts between the spouses delay the divorce procedure as these result in added misunderstandings and miscommunication, which hampers the overall case. Such cases require longer negotiations and legal interventions. High-conflicts include filings, numerous motions, and court appearances to address all underlying problems.
Wrapping Up
By considering these factors, you may reduce the financial burden of your divorce. It is highly recommended to hire a divorce lawyer as they help you speed up the process and reduce financial burden.
