I recently had a client that had an amicable, uncontested, mediated divorce in New York City, the cost: about $70,000. A contentious divorce can cost upwards of three times that and take years. We don’t like to think of divorce as a business, especially when there’s so much emotion surrounding the process. Yet divorce is long and can be extremely costly. The longer it takes, the higher the legal bills, the less you’ll have to split. If you can think of the financial negotiations for your divorce as you would for your business you’ll be more likely to make better decisions.
Here are 6 ways to save money on your divorce:
- Take a step back and look at the big picture. Treat your divorce as a you would a business: be strategic and planful.
- Create a business or project plan. What are the main areas you’re negotiating? What are your goals for each area?
- Create a best case, worst case and realistic case budget.
- Think about what you’ll need for the future, not just near term. Every decision has a long-term consequence.
- Try to write down every possible imaginable expense you can think of that might come up for your children.
- Don’t make decisions when you’re upset or angry. Talk though your plan with a neutral 3rd party before you lock it in.
These are just a few ways you can make divorce a little easier and lot less expensive.
For more ways to save time and money on your divorce, contact Karen@TheDivorcierge.com or schedule a free consultation at TheDivorcierge.com.