When you and your spouse make the decision to file for divorce, it’s important to understand that this is as much a financial process as it is emotional. As such, you may worry about saving money during this process. If this is the case, you’ll want to keep reading, as the following blog explores ways you can save money when going through a divorce. You’ll also learn why working with an experienced Nassau County divorce lawyer is in your best interest.
How Can I Save Money During My Divorce on Long Island?
Generally, one of the most important steps you can take to save money when going through a divorce is to consider pursuing alternative dispute resolution options. For example, if you and your spouse decide to mediate your divorce, meaning you negotiate the terms and conditions of your divorce with a neutral third-party entity, it can help keep you out of court. Not only does this mean you won’t have to pay your attorney every time you have a court hearing, but you also won’t have to take as much time off work. This is because mediation will work with your schedule, whereas the court will not.
Mediation is also ideal as it allows you greater control over the terms and conditions of your divorce as you are an active participant in the decision-making, as opposed to simply allowing a judge to issue an outcome.
Another important step to ensure you can save as much money as possible is to stay objective. Unfortunately, getting divorced is an emotional process. However, when you let your emotions cloud your judgment, it can result in a less-than-ideal outcome. For example, you may have decided you want the family home, and failure to compromise can drag this process out. Additionally, if you fight for an asset, it’s imperative to ensure you have the means to maintain it. In this example, the family home can be sentimental, but you may not have the funds to make mortgage payments on it.
Why Should I Hire an Attorney if I Want to Save Money?
If you are looking to save money in your divorce, working with an attorney may seem counterintuitive. However, this is by far one of the best ways to protect your finances and set you up for financial success in the future.
When you work with an experienced attorney, they can help you navigate this process with ease. Not only can this reduce stress, as you won’t have to worry about delays or errors in your filing, but this can help save you money. When you make errors, it delays the process, subsequently costing you more in the long run.
You should also note that working with an attorney can help ensure that the outcome of the divorce reflects your best interests. For example, you may not be sure what assets you are entitled to or the full alimony you deserve. However, your attorney can help you determine what property is considered marital and help you accurately calculate alimony payments to help set you up for financial success after your divorce is finalized.
When you need assistance during this process, it’s in your best interest to connect with an experienced attorney from the Law Offices of Jay D. Raxenberg. Our team can examine the circumstances of your case to determine the best course of action. Contact us today to learn how we can assist you during these matters.
