Sometimes, a marriage just doesn’t work out and ending it is the best course of action. Some statistics suggest that about half of all marriages in Colorado end in divorce. Although spouses separate for many different reasons, one thing the majority of divorces have in common is that they are expensive. Here are a few ways to lower the cost of a divorce.
Avoiding a trial is possibly the best way to reduce the cost of a divorce. Many couples choose mediation, a process in which spouses work with a third-party mediator to reach a resolution. Mediation will allow couples to communicate directly, thus avoiding a lengthy court proceeding. Collaborative divorce is also an option to save money. In this process, both parties will meet together along with their attorneys to reach agreements and resolutions.
Think of divorce as a financial transaction. In any financial transaction, it only makes sense to keep financial records organized. Divorcing spouses can literally save thousands in legal fees by organizing tax returns, bank statements and other financial records. The more of these documents a person can obtain electronically, the better. Paper documents cost more to process and most attorneys prefer to work with electronic documents.
Although it may be difficult, try to facilitate collaboration and cooperation during the divorce process. Being as cooperative as possible will go a long way in softening the financial impact of this event. Those in Colorado who need legal guidance or have questions about divorce may want to consider discussions with a legal representative. A seasoned attorney can provide clarity and help individuals navigate this often-confusing process.