Are you considering divorce? If so, this is a tough, emotional time, and our divorce lawyers at the Lake of the Ozarks understand. In any case, there are a few things you should consider before proceeding. Keep reading this week's blog for a few of the possible financial demands of divorce. Need an experienced divorce attorney in Missouri? Contact Gibbons Law Firm today for a free consultation. We can be reached at 573-348-2211.
The Financial Demands of Divorce
Consider the following possible financial demand when it comes to divorce:
It probably goes without saying, but the attorney(s) you choose to represent you in the divorce process will significantly impact the overall cost. Some attorneys are much more expensive than others, and some are guided by significantly less integrity. When selecting which Lake of the Ozarks divorce attorney you would like to represent you, it is important to choose a trustworthy individual you can rely on to keep your best interests at heart.
The more property and assets you and your spouse accumulated during your marriage, the more work will be involved in dividing them between you. If you only shared the marital residence, dividing the property shouldn't be too challenging. However, if you own multiple properties, share lucrative investments, and have both your names on extensive retirement accounts, the process may become much more involved.
This factor will likely have the strongest influence on the overall cost of your divorce. If you and your spouse can agree on how you want to handle things, you will be able to sign agreements outside of the courtroom, which will likely save you thousands of dollars. If you cannot agree on things and instead decide to take various issues to court, you will be faced with expensive litigation fees.
CHILD CUSTODY COSTS
If you and your spouse share children, your divorce will almost inevitably become more challenging (and, consequently, more expensive) as you determine how to divide custody. Custody battles are often the most highly contested aspect of any divorce, and when spouses cannot agree on an issue, the overall cost inevitably goes up.
Get Your Divorce-Related Legal Questions Answered By An EXPERIENCED Attorney!
All of us here at Gibbons Law Firm hope that you found this blog helpful. Going through a divorce may be one of the most emotional times in your life, but you can get through this. Keep moving forward and looking ahead. If you have any questions about the legal process or costs of divorce, please do not hesitate to give us a call. Our divorce lawyers can answer your questions and give you the answers you need to make an informed decision. Getting divorced or not is not a decision you should take lightly. It is a life change that needs to be taken seriously and we can help you. For your free divorce consultation, please give us a call today. We can be reached at the phone number listed below. You can also follow us on our social media channels listed below to stay up to date on our latest legal divorce tips.