Divorce comes at a price, not only for the children involved, but also for those paying for the divorce. Lawyer fees, court fees, alimony, and child support are just a few of the expenses associated with getting a divorce, along with the stress and emotional turmoil that goes along with it. Then if the divorce gets extended in a battle over child custody or marital assets, the costs could go through the roof. Currently, the cost of divorce ranges anywhere between $1,000 to upwards of $15,000 or more!
There are several ways to cut the cost of divorce. When money is tight and you face the uncertain future of being alone and bringing in half (or even less!) of the income you once had, you’ll want to know what your options are.
Going the mediation route is a lot less expensive than bringing in lawyers who will charge you just to pick up the phone. As long as you and your partner are able to cordially work together to come to an agreement on the terms of your separation, you’ll have this cost-effective option available to you.
Determine the value of all of your shared assets. Talk to a trusted real estate agent to appraise the value of your home, ask your accountant to determine the worth of your business(es), and calculate the cost of child support by visiting your state’s child support guidelines (for Arizona child support information, visit: www.azcourts.gov/familylaw/arizonachildsupportguidelines.aspx).
Have a professional analyze your numbers from the evaluations of your property, assets, and businesses to determine the best way to divide your shared wealth. You’ll want to retain those items that are most valuable to you.
- Don’t Fight
If you can help it at all, don’t fight over the children or your assets. This is the best way to assure you won’t get caught in a never-ending squabble over who gets what and when they can have it. Find solutions that are less ego driven and more focused on coming to an amicable agreement so you can begin your new life.
Divorce is heartbreaking enough without all the hefty costs that come with it. Before settlement, child support, and alimony checks start coming in, many divorcees need a fast cash supplement to help them get through the difficult process.
Title loans are an option that many people going through a divorce use in order to pay for many of the costly divorce fees. Only when they know the interest and conditions of repaying the loan, do they move forward with applying. If you find yourself in a similar situation and want to search for a title loan or some other form of personal loan, talk to a professional who can help you.